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The ringgit opened higher against the dollar on August 23 at 4.2300/2340, versus Friday's close of 4.2380/2400, as political certainty lifted risk appetite. Analysts expected a trading range of RM4.23 to RM4.24 that week, with limited upside ahead of the Federal Reserve symposium.
Ismail Sabri Yaakob was sworn in as Malaysia's ninth prime minister.
Modest ringgit gains reduce the local cost of dollar-priced feed imports, though the move is small and near-term.
suaramerdeka.com.myWartawan SuaraMerdekaAug 23, 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.
