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Malaysia's ringgit led losses among Asian currencies on a holiday-thinned Monday, falling about 0.4% and posting its biggest intraday drop since July. Regional stocks fell as Evergrande's debt woes weighed on sentiment, and investors awaited Federal Reserve signals on stimulus tapering.
A weaker ringgit raises the ringgit cost of dollar-priced imports and can lift the dollar cost of Malaysian palm oil exports, which matters for feed buyers sourcing palm-based inputs.
brecorder.comReutersSep 20, 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.
