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The ringgit opened slightly higher against the US dollar at 4.1540/1570 on November 8, after the Fed announced it would taper its asset purchases. Kenanga Research cited a ringgit-US bond yield spread above 211 basis points and expected further gains from labour market and retail sales data.
A firmer ringgit modestly lowers the local cost of dollar-priced feed imports, though the move is small and the outlook is mixed.
staging-beta.freemalaysiatoday.comBernamaNov 8, 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.
