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AmBank Research forecast the ringgit to trade between 4.0857 and 4.1098 per US dollar. Brent and WTI crude rose 1.39% and 2.73% respectively after strong US jobs data and a firm ISM manufacturing reading.
The ringgit strengthened against the Singapore dollar and baht but weakened against the rupiah.
Stronger US data and higher crude support energy prices, which can lift biofuel and palm oil costs. The effect on feed commodities is indirect.
malaysia-today.netadsbygoogle = window.adsbygoogleFeb 4, 2019Not enough comparable past events yet for a historical read.
Not 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.
