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The ringgit closed marginally higher against the US dollar on improved sentiment after Malaysia administered over 200,000 Covid-19 vaccine doses daily. Markets also awaited the outcome of the US Federal Open Market Committee meeting that day.
A slightly firmer ringgit lowers the local cost of dollar-priced feed imports, though the effect is small and the Fed decision is the bigger near-term driver.
thesun.myThe Sun WebdeskJun 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.
