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The ringgit opened almost unchanged against the US dollar on 27 October, trading at 4.1455/1475, as investors stayed on the sidelines. The dealer expected a range of 4.13 to 4.15 ahead of the Budget 2022 tabling on 29 October.
Brent crude was about US$86.22 per barrel, down 0.21%.
With no clear driver, the currency is unlikely to move palm oil or feed prices much. Softer crude oil prices are a mild negative for palm oil through biodiesel demand.
malaymail.comOct 27, 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.
