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The ringgit opened lower against the US dollar on May 30, 2019, slipping to 4.1930/1980 from 4.1920/1960 at the prior close. Dealers blamed the greenback's strength amid the worsening US-China trade war, with the ringgit mostly firmer against other major currencies.
Risk aversion from the trade war pushes emerging-market currencies lower, which can weigh on Asian demand sentiment for commodities and raise import costs for Malaysian feed buyers.
malaymail.comMay 30, 2019Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
