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The ringgit has slipped back above 4.00 per US dollar after briefly strengthening to around 3.86 in April. AmBank Research attributes the weakness to a stronger dollar on expected aggressive Fed hikes, emerging-market debt concerns and the US-China trade war.
A weaker ringgit raises the cost of imported feed for Malaysian buyers, though analysts expect the currency to strengthen over the longer term.
theborneopost.comeditoronJun 26, 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.
