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The ringgit opened higher on 12 April 2017 at 4.4210/4260 as buying continued. Foreign investors moved into Asian currencies after Trump said the dollar was too strong and that the Fed should keep rates low.
The dollar hit a five-month low against the yen.
Dollar weakness from political comments supports Asian currencies, including the ringgit. A firmer ringgit lowers the local cost of dollar-priced palm oil exports.
nst.com.myBernamaApr 13, 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.
