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The ringgit closed lower on 6 October as most Asian emerging currencies fell while the US dollar held steady ahead of US non-farm payrolls data. Dealers said the data would support expectations of a Federal Reserve rate increase, possibly before year-end.
The ringgit traded higher against the Singapore dollar, yen and sterling.
Expectations of a Fed hike before year-end strengthen the dollar against the ringgit, raising the dollar cost of feed imports for Malaysian buyers.
malaymail.comOct 6, 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.
