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The ringgit opened higher against the US dollar on Nov 27, trading at 4.1130/1170 from 4.1155/1185 the previous Friday. It also firmed against a basket of major currencies, helped by robust demand and positive external factors.
A firmer ringgit lowers the ringgit cost of dollar-priced palm oil and other Malaysian-linked feed inputs, a mild bearish signal for regional commodity costs. The move is routine and small.
nst.com.myBernamaNov 27, 2017Not 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.
