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The ringgit opened higher against the dollar at about 4.183, supported by crude oil above US$45 a barrel. Brent was trading at US$45.29 and AxiCorp's strategist linked the currency's support to China upholding its Phase One trade deal.
Firmer oil prices support the ringgit and the wider energy complex, while the trade-deal angle links to US soybean and corn export demand.
malaymail.comAug 13, 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.
