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The ringgit closed firmer against the US dollar at 4.0550/0600 on July 30, supported by demand that traders linked to rising oil prices. Brent crude rose 0.28 per cent to US$74.97 a barrel, though oil was down over six per cent for the month on US-China trade war worries.
A firmer ringgit lowers the ringgit cost of dollar-priced feed imports, while oil moves influence biofuel feedstock economics such as palm oil.
utusan.com.myMedia MuliaJul 31, 2018utusan.com.myMedia MuliaJul 30, 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.
