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The ringgit edged up to 4.1515/1555 per US dollar on October 16, 2018, following a rebound in Asian equities. Gains were capped by falling crude oil prices, which were weighed down by higher US production and inventories.
The ringgit also firmed against the yen and euro.
Small ringgit moves shift the local-currency cost of Malaysian palm oil exports, and falling crude reduces energy-linked support for the currency and for biodiesel economics.
freemalaysiatoday.comBernamaOct 16, 2018Not 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.
