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Oanda's Stephen Innes forecasts the ringgit will reach RM4.20 per US dollar by year-end, with upside resistance at 4.30. The ringgit has moved to test the 4.20 level, which marks its strongest point since the post-US-election gap in November 2016.
A firmer ringgit, supported by carry trade flows, reduces the local cost of dollar-priced commodities. It is a currency-only story with limited effect on feed prices.
themalaysianreserve.comSep 7, 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.
