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The ringgit opened almost flat against the US dollar on October 10, 2019, with little fresh buying interest. The local note was quoted at 4.1950/1990 versus 4.1955/1985 at the prior close.
Traders are watching the yuan, and the ringgit's 4.20 level could come back into focus if yuan weakness persists.
Currency moves tied to yuan weakness can shift the ringgit and affect the local cost of imported feed inputs, but the impact is limited while the move is flat.
freemalaysiatoday.comBernamaOct 10, 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.
