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The ringgit closed higher against the US dollar on 17 April 2017 at 4.4030/4060, as traders moved into Asian currencies amid North Korea tensions. The dollar also weakened after Trump said it was getting too strong.
The ringgit was mixed against other major currencies.
A firmer ringgit lowers the ringgit cost of dollar-priced Malaysian palm oil, which can ease local pressure on palm oil prices. The move is driven by dollar weakness and risk sentiment rather than a change in palm supply.
nst.com.myBernamaApr 17, 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.
