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The ringgit closed at a five-month high against the dollar, at about 4.193, as the greenback weakened. Strategists cited stable oil prices, falling US real yields and expectations of a better-than-expected Malaysian Q2 GDP.
A stronger ringgit reduces the local-currency cost of dollar-priced feed imports for Malaysian buyers.
nst.com.myBernamaAug 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.
