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The ringgit opened higher against the US dollar on August 24, quoted at 4.2750/2800 versus 4.2780/2800 the previous day. Dealers cited higher foreign reserves of US$100.40 billion and surprisingly strong second-quarter GDP growth, while the dollar weakened after Trump's remarks on terminating NAFTA.
A firmer ringgit and weaker dollar reduce the local-currency cost of imported feed inputs for Malaysia, while having little direct effect on grain or meal prices.
nst.com.myBernamaAug 24, 2017Not enough comparable past events yet for a historical read.
Not 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.
