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The ringgit opened lower against the US dollar on June 19, 2020, after US President Trump renewed his threat to cut ties with China. Analysts warned the trade tensions could further weaken the already sluggish global economy.
Malaysia relies heavily on trade with both countries.
US-China trade tension raises risk-off demand for the dollar and weighs on Malaysian currency and export demand. Weaker trade flows could soften demand for palm oil and other commodities.
staging-beta.freemalaysiatoday.comBernamaJun 19, 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.
