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The ringgit opened higher against the US dollar on Feb 27, 2020, appreciating about 100 basis points to 4.2130/2200 from the previous close. Investors were positioning ahead of the government's economic stimulus package, which was due to be announced later that day.
Expectations of a stimulus package improved risk appetite and currency demand, which firmed the ringgit and eased USD/MYR. The effect on feed commodity prices is minimal.
malaymail.comFeb 27, 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.
