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The ringgit closed higher against the US dollar on July 13, 2020, at 4.2630/2680, helped by a weaker greenback on US Covid-19 concerns and renewed emerging-market risk appetite. Bank Negara had recently cut its policy rate by 25 basis points.
A firmer ringgit lowers the local cost of dollar-priced palm oil and Malaysian commodity exports, a routine currency move with little direct effect on feed prices.
beta.malaymail.comJul 13, 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.
