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The finance ministry's Budget 2020 is due to be tabled the following Friday and is expected to drive ringgit moves in the coming week. Analysts will look for fiscal stimulus to offset external headwinds and for the government's fiscal deficit projection.
The ringgit was seen testing the 4.20 resistance level, with support near 4.16.
Fiscal stimulus aimed at domestic demand could support Malaysian feed and meat consumption, while currency moves affect the local cost of imported feed.
theborneopost.comBP 6Oct 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.
