Loading…
Bank Islam economist Adam Mohamed Rahim said the ringgit could weaken to 4.15 against the dollar this week, and possibly 4.17 if nervousness over the lockdown and high daily Covid cases persists. The ringgit dropped 0.1% to 4.129 on the previous day, while the 10-year bond yield held at 3.2%.
Currency weakness in Malaysia is a minor driver for feed markets, since it mainly affects the local cost of imported feed ingredients and palm oil export competitiveness.
themalaysianreserve.comDayang NorazharMay 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.
