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The ringgit rose to its strongest level in three weeks ahead of the Jackson Hole symposium, with US$/ringgit at 4.2770 and flat by late morning. Analysts noted Morgan Stanley's long ringgit position and expected EM Asian FX gains from the weaker dollar to be limited.
Currency moves of this size have a minor effect on Malaysian palm oil and feed import costs, and no direct effect on US or Brazilian feed prices.
thestar.com.myThe Star OnlineAug 23, 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.
