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The ringgit traded higher against the US dollar early on June 29, 2017, at 4.2920/2960 from 4.2960/2990 the prior day. Buying interest in Asian currencies rose as the dollar weakened against the euro after ECB President Draghi signaled possible stimulus trimming.
Currency moves in ringgit affect the cost of Malaysian palm oil and other ringgit-priced commodities for buyers. A weaker dollar mainly supports commodity prices in dollar terms, though this is routine daily movement.
thethirdforce.netRaggie JessyJun 29, 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.
