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The ringgit closed at 4.0870/0930 per US dollar on April 30, up from 4.1000/1050 on Wednesday. Analysts attributed the gain to steady crude oil prices, with Brent near US$67 per barrel, and to optimism about Malaysia's growth after the Asian Development Bank projected 6% GDP growth for 2021.
A firmer ringgit lowers the cost of dollar-priced feed imports such as soybean meal and corn for Malaysian buyers, though the move is modest.
beta.malaymail.comApr 30, 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.
