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The ringgit closed higher against the US dollar at 4.1830/1880 on November 29, up from 4.1980/2020 the previous day. Regional currencies firmed after Fed Chair Jerome Powell said rates were just below neutral, and traders turned to the upcoming G20 meeting between US and Chinese leaders.
A firmer ringgit makes Malaysian-priced palm oil and other ringgit-denominated costs slightly cheaper for buyers. The move reflects a broader emerging-market risk rebound, so its effect on feed prices is limited.
nst.com.myBernamaNov 29, 2018nst.com.myBernamaNov 30, 2018Not 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.
