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Bank Negara Malaysia said the ringgit appreciated 1.8% against the US dollar in April 2017. The gain followed inflows into both the bond and equity markets, and the central bank cited its liquidity and hedging measures for the bond market.
A firmer ringgit lowers the local-currency cost of dollar-priced feed imports such as corn, soybean meal and DDGS for Malaysian buyers, a modest easing of input costs.
theborneopost.comMay 31, 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.
