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The ringgit ended marginally lower against the US dollar on June 30, 2020, as the greenback reached a one-month high. Analysts pointed to strong US consumer spending data and a rebound in US retail sales in May.
Brent crude traded around US$41 a barrel at the time.
A weaker ringgit makes Malaysian-priced palm oil cheaper for foreign buyers, which can support export demand. Currency moves of this size usually have only a small effect on palm oil prices.
beta.malaymail.comJun 30, 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.
