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Malaysia's parliament approved the 2021 budget, a win for Prime Minister Muhyiddin Yassin, and the ringgit rose 0.4% on the news. Investors have raised bullish positions on most Asian currencies on promising COVID-19 vaccine trial results.
Improved risk appetite for higher-yielding Asian assets supports regional currencies against the dollar, lowering the cost of dollar-priced feed ingredients for Malaysian and Asian buyers.
sg.finance.yahoo.comShruti SonalNov 26, 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.
