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The ringgit opened higher against the US dollar on April 18, supported by higher oil prices and an upgraded Malaysian GDP forecast. The Malaysian Institute of Economic Research raised its 2018 growth projection to 5.5% from 5.4%.
The ringgit also gained against the Singapore dollar, yen, pound and euro.
A stronger economic outlook and firmer oil prices support the ringgit, but Malaysian currency moves have little direct effect on global feed or grain prices.
thestar.com.myThe Star OnlineApr 17, 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.
