Loading…
A Wall Street Journal piece says the Malaysian ringgit had risen 2.2% against the dollar in January, trading at about 3.96 per dollar. Its gains over the past year exceeded those of other Asian currencies such as the won, Taiwan dollar and baht.
Investors see the ringgit as undervalued, so further inflows could keep it strong against the dollar. A firmer ringgit raises the cost of Malaysian palm oil in dollar terms.
wsj.comSaumya VaishampayanJan 18, 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.
