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The ringgit opened slightly lower on November 16 at 4.1630/1655 per US dollar ahead of US October retail sales data. Analysts pointed to a 10-year Treasury yield above 1.60% and a DXY above 95 after hot US inflation.
A softer ringgit raises the local cost of dollar-priced feed imports, and a stronger dollar tends to weigh on US-priced grain and meal.
malaymail.comNov 16, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
