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The ringgit weakened to its lowest since January 25, trading near RM4.136 per US dollar, as possible exclusion from the FTSE Russell bond index drove selling. Bank Islam's chief economist said the currency looks oversold technically, and the 10-year bond yield rose.
Currency weakness in Malaysia affects local-currency costs for imported feed inputs and palm oil, but the price impact on feed commodities is minor.
themalaysianreserve.comDayang NorazharApr 18, 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.
