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The ringgit opened weaker against the US dollar at 4.0440/0470 on June 29, as the dollar gained buying momentum amid rising US-China trade tensions. Trump announced a national security review to halt China's purchases of sensitive American technology.
A firmer dollar and weaker ringgit raise the local-currency cost of imported feed ingredients for Malaysian buyers, while trade escalation adds uncertainty to commodity demand.
utusan.com.myMedia MuliaJun 29, 2018Not enough comparable past events yet for a historical read.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
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.
