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The ringgit opened lower against the US dollar at 4.1420/1500 from Friday's close of 4.1320/1350, as investors turned cautious ahead of a nationwide full movement control order starting June 1. Analysts said investors may shift toward currencies of countries seen as better at handling Covid-19.
A weaker ringgit lowers the cost of Malaysian-denominated inputs relative to dollar prices, but palm oil and other Malaysian export prices are dollar-based, so the effect on feed ingredient prices is limited.
malaymail.comMay 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.
