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The ringgit is expected to extend its recent gains on investor preference for a more stable political environment under the new government and improving Covid-19 health management. The pair last traded at RM4.153, a two-month high for the local unit, with foreigners buying up to RM1 billion in local equities last week.
Analysts see a range of RM4.16 to RM4.20 over the next two weeks.
A firmer ringgit lowers the local cost of dollar-priced imports such as soybean meal and corn, modestly easing feed input costs for Malaysian buyers.
themalaysianreserve.comDayang NorazharAug 31, 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.
