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The ringgit closed at a three-month high against the US dollar on 5 November, extending a six-day gain. Bank Negara kept its overnight policy rate at 3.0 per cent, and dealers cited optimism about a US-China trade deal.
A firmer ringgit lowers the local cost of imported feed grains and meal, a minor bearish factor for Malaysian feed costs.
nst.com.myBernamaNov 5, 2019Not 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.
