Loading…
The ringgit closed lower at 4.1580/1600 per US dollar on October 11, 2018, from 4.1515/1545 the previous day. Dealers cited negative global market sentiment and crude oil falling 1.47% to US$81.87 per barrel.
The ringgit also weakened against other emerging-market currencies.
Ringgit weakness reduces the local cost of Malaysian palm oil exports, while lower crude oil reduces energy-linked support for the currency.
staging-beta.freemalaysiatoday.comBernamaOct 11, 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.
