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The ringgit opened higher against the US dollar on July 28, 2020, at 4.2450/2500 from 4.2500/2550, supported by risk appetite ahead of a Federal Reserve policy decision. Investors expected the Fed to keep easing policy.
A firmer ringgit makes dollar-priced palm oil relatively more expensive for Malaysian sellers, a routine currency move with limited feed price impact.
intraday.myTeam INTRADAYJul 28, 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.
