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The ringgit ended marginally higher on June 29, 2020, as the US dollar weakened amid rising US Covid-19 cases that raised doubts about economic reopening. Malaysia's May trade surplus of RM10.41 billion, the highest for that month since 2008, also supported the ringgit.
A stronger ringgit raises the local cost of Malaysian palm oil for exporters, which can firm palm oil prices. The effect on feed-related prices is usually modest.
beta.malaymail.comJun 29, 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.
