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The ringgit strengthened against the US dollar at 4.1480/1530 on November 4, after fluctuating over the previous three sessions. A dealer linked the move to positive external sentiment following the US election, with Biden's win seen as reducing the risk of US-China trade escalation.
Reduced US-China trade war risk supports Asian currencies and regional demand for agricultural commodities, while the ringgit's move itself has limited direct effect on feed prices.
nst.com.myBernamaNov 5, 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.
