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The ringgit ended lower against the US dollar at 3.9150/9190, its fourth straight daily decline. A dealer said the dollar rose to a one-week peak against a basket of currencies, extending its recovery.
The ringgit was mixed against other major currencies.
Because oil is priced in dollars, a firmer greenback raises the cost of fuel imports for Malaysia and other non-dollar buyers. The move is small and mainly reflects currency flows rather than a change in feed supply.
nst.com.myBernamaFeb 22, 2018Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
