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The ringgit reached a six-month high against the US dollar, trading as strong as RM4.06 on the last Friday of the previous week. Analysts say a stronger ringgit eases costs for Malaysian firms with dollar-denominated inputs.
Downside risks include a re-escalation of US-China trade tensions and a Chinese economic slowdown.
A stronger ringgit lowers import costs for dollar-priced inputs such as feed ingredients and fuel in Malaysia. The article describes currency conditions rather than a new supply or demand shock.
themalaysianreserve.comDzulFeb 11, 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.
