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The ringgit opened firmer against the US dollar at 4.0620/0660, supported by positive sentiment. Investors reacted to Malaysia's consumer price index, which fell 0.7% year on year in January, the first decline in nearly a decade.
The ringgit also strengthened against most major currencies except the pound.
A firmer ringgit lowers the local cost of dollar-priced palm oil and feed imports into Malaysia. The move is a currency-driven factor with little direct effect on feed commodity prices.
staging-beta.freemalaysiatoday.comBernamaFeb 25, 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.
