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The ringgit opened higher on 13 April 2017 at 4.3960/4010 as investors kept buying Asian currencies. Bank Negara allowed institutional investors to hedge up to 100% of underlying assets, up from 25%, and added the pound, euro and yen to the hedging list.
Easier hedging should reduce the cost of holding ringgit assets and support the currency. A firmer ringgit lowers the local-currency cost of dollar-priced Malaysian palm oil.
nst.com.myBernamaApr 14, 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.
