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The ringgit opened weaker at 4.0600/0660 per dollar as Brent crude fell 0.86% to US$49.65 per barrel. Analysts said the currency was trading more on oil swings than on domestic factors, and that falling equity volumes could hurt risk assets.
Lower crude prices weaken the ringgit and can reduce Malaysia's export income, which affects the local-currency cost of imported feed. The effect on feed markets is limited.
malaysianow.netDec 23, 2020Not 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.
