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The ringgit fell 205 basis points against the US dollar after the Fed signalled that interest rates could rise in 2023, earlier than previously expected. The move reflected a stronger dollar and capital outflow pressure on emerging-market currencies.
A weaker ringgit raises the local-currency cost of dollar-priced feed imports, including soybean meal, corn and other ingredients Malaysian feed buyers source internationally.
malaymail.comJun 17, 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.
