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The ringgit opened marginally lower against the US dollar on Nov 30, weighed by lower oil prices. It had rallied the previous day to a 52-week high.
Commentary from OANDA suggests the ringgit could extend gains toward 4.00 per dollar by year-end.
Lower crude prices weigh on the ringgit and on Malaysian palm oil economics. The intraday move is a routine market wrap with limited price impact on feed.
bursa-malaysia-trading-signals.blogspot.comNov 30, 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.
