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Bank Negara Malaysia reported the ringgit rose 1.4% against the US dollar in the first quarter of 2019, driven by RM13.5 billion in portfolio inflows. From April to mid-May, however, it depreciated 2.2% amid cautious sentiment over global growth and trade.
Currency swings affect the landed cost of imported feed ingredients for Malaysian buyers, with the recent depreciation raising import costs.
malaymail.comMay 16, 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.
