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The ringgit opened lower against the US dollar at 4.1570/1630 on lack of demand as the greenback firmed. Dealers cited reopening fears, an uncertain oil market and rising Covid-19 cases, along with the upcoming Budget 2021.
A softer ringgit can make palm oil more competitive for buyers, but the move is small and driven mainly by the dollar and sentiment.
nst.com.myBernamaOct 30, 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.
