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The ringgit rebounded at the open on July 25 to 4.0600/0650 against the dollar from 4.0630/0680 the prior day. Analysts attributed the support to oil prices, which stayed near but below yearly highs, and noted the dollar index was little changed at 94.57.
Ringgit strength supported by oil reduces the local cost of imported feed, while the dollar's direction drives broader emerging-market currency moves.
freemalaysiatoday.comBernamaJul 25, 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.
