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The ringgit rose as much as 0.3% to 4.0483 per dollar, its strongest level since July 2018, erasing its virus-related losses for the year. The gains followed a weaker dollar, higher crude prices, and easing domestic political tension.
A stronger ringgit tends to reduce the local cost of imported feed inputs but can weigh on Malaysia's export-reliant economy and palm oil competitiveness. The effect on feed prices is modest.
businesstimes.com.sgDec 10, 2020Not 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.
