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The ringgit closed lower against the US dollar at 4.0800/0850 on March 29 as investors stayed on the sidelines awaiting US-China trade talk developments. Standard Chartered said Bank Negara Malaysia may cut its overnight policy rate by 25 basis points in May due to slower growth forecasts.
A weaker ringgit and expected rate cuts in Malaysia affect the cost of imported feed inputs for local buyers and palm oil export pricing in ringgit terms. Trade talk outcomes could move currencies sharply.
malaymail.comMar 29, 2019Not enough comparable past events yet for a historical read.
Not 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.
