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The ringgit opened lower against the US dollar on July 9, 2020, at 4.2670/2750 from 4.2600/2650 the prior close. The move followed falling oil prices and investor caution over a surge in US Covid-19 cases.
Lower oil prices weaken the ringgit and reduce the revenue of Malaysia's oil-linked economy, a minor signal for regional palm oil pricing.
nst.com.myBernamaJul 10, 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.
