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The ringgit opened lower against the US dollar on January 29, 2021, trading at 4.0500/0560 from 4.0440/0470 the prior Wednesday. Traders attributed the dollar's strength to safe-haven demand, as slow COVID-19 vaccine rollouts weighed on emerging-market currencies.
The ringgit was mixed against other majors.
A weaker ringgit raises the ringgit cost of USD-priced imports and does not directly move feed commodity prices. The move is a routine currency fluctuation with little bearing on feed buyers.
malaymail.comJan 29, 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.
