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The ringgit opened marginally lower against the US dollar on subdued demand ahead of US second-quarter GDP data. Brent crude traded near US$51.51 per barrel, with oil prices at eight-week highs.
A firmer ringgit and higher oil prices lift Malaysia's import costs and affect palm oil export revenue, a key input for feed buyers. The move is routine currency commentary with no new cause for feed prices.
malaymail.comJul 28, 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.
