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The ringgit closed lower against the US dollar for the second day on July 2, at 4.1370/1400 versus 4.1350/1400 on Monday. Dealers cited demand for the greenback on Fed rate cut prospects and fading optimism over US-China trade progress.
Currency moves like this have limited direct impact on feed commodity prices; the firmer dollar mainly adds slight pressure to dollar-priced imports.
nst.com.myBernamaJul 2, 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.
