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The ringgit extended its gains against the US dollar, trading at 4.0630/0660 as the dollar weakened. Concern about a second US government shutdown and the ongoing US-China trade dispute weighed on the greenback.
The ringgit also rose against the Singapore dollar, yen, euro and pound.
A weaker dollar and firmer emerging-market currencies can support US export prices for commodities such as soybeans and corn. The effect on feed prices is modest.
nst.com.myBernamaFeb 11, 2019Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
