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The ringgit strengthened to 4.0390/0420 against the US dollar in early trade on Feb 24 from 4.0420/0450 the previous day. Brent rose 0.2% to US$65.37 a barrel on supply concerns, and Fed chair Jerome Powell said the central bank would keep its growth-supporting policy.
A firmer ringgit and higher oil prices can lift Malaysian palm oil costs, which feeds into vegetable oil and feed fat pricing. The move is small and routine.
nst.com.myBernamaFeb 24, 2021Not enough comparable past events yet for a historical read.
Not 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.
