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The ringgit ended lower against the dollar at 4.1200/1240, down from 4.1150/1200, as traders turned risk-averse after MCO 3.0 was enforced. Bank Negara kept its overnight policy rate at 1.75%, and US ADP payrolls rose 742,000 in April, below the 800,000 forecast.
Currency moves in Malaysia tied to lockdown measures have little direct effect on feed ingredient prices, though they can influence palm oil export competitiveness.
malaymail.comMay 6, 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.
