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The ringgit opened at 4.1270/1320 per US dollar on April 19 and was expected by HLIB Research to trade between 4.1150 and 4.1350 that week. The ringgit had closed at 4.1250/1290 on April 16, while Brent crude rose 6.1% in the prior week to US$66.77 per barrel.
The ringgit's continued weakness raises the local cost of dollar-priced feed imports, though the effect is small.
dagangnews.comApr 19, 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.
