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The ringgit rebounded against the US dollar on 26 October, opening at 4.2310/2340 from 4.2340/2370 the previous day. Dealers attributed the move to speculation about changes in Federal Reserve leadership and shifting sentiment toward emerging-market currencies.
The ringgit also weakened against the yen, sterling and euro.
Daily ringgit moves tied to Fed leadership speculation affect the dollar cost of imported feed inputs. The move is small and routine.
bursa-malaysia-trading-signals.blogspot.comOct 26, 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.
