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Thomas Mielke of Oil World expects the ringgit to recover moderately in the second half of 2017 as the local economy improves. He said a likely Fed rate increase would also support the currency.
A stronger ringgit lowers the ringgit cost of dollar-priced palm oil and feed imports, which can ease Malaysian buyers' costs.
thestar.com.myThe Star OnlineMar 7, 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.
