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The ringgit opened higher against the US dollar on November 16 at 4.1850/1900, from 4.1900/1950 at Thursday's close. Investors shifted toward the ringgit after Fed Chair Powell expressed concern about the US economic outlook, and traders were also watching Malaysia's third-quarter GDP release that day.
Improved demand for the ringgit and softer dollar sentiment ease the cost of ringgit-priced imports for Malaysian feed users. The move is small and has little direct effect on commodity prices.
freemalaysiatoday.comBernamaNov 16, 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.
