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The ringgit fell to 4.2430 per dollar on August 16, its weakest since July 2020, after Prime Minister Muhyiddin Yassin's resignation raised the prospect of prolonged political instability. Stocks slipped 0.4% and sovereign yields were steady.
A weaker ringgit raises the local cost of dollar-denominated feed imports such as soybean meal and corn, pressuring Malaysian feed margins.
reuters.comTom WestbrookAug 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.
