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The ringgit closed lower against the US dollar at 4.0450/0443 on Feb 26, pressured by a global bond sell-off that lifted US Treasury yields and drew money out of emerging-market currencies. Petronas also reported a RM21.0 billion FY2020 loss, its largest ever, which further weighed on sentiment.
A weaker ringgit makes Malaysian palm oil cheaper in dollar terms, which can soften palm oil prices for feed buyers. The effect is modest for a single session.
malaymail.comFeb 26, 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.
