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The ringgit is expected to trade between 3.8900 and 3.9400 against the US dollar next week, according to a dealer, amid concerns over a US-China trade war. OANDA's Stephen Innes said regional equities and risk assets could weaken, though Malaysia is less exposed to US trade than peers.
Trade-war risk pushing regional currencies weaker against the dollar makes Malaysian-priced imports such as feed inputs more expensive for buyers, while palm oil and other ringgit-denominated supply stays under pressure.
nst.com.myBernamaMar 24, 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.
