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Affin Hwang Investment Bank analysts forecast the ringgit will strengthen to between 4.4000 and 4.3500 per US dollar next week on US dollar weakness. Hong Leong Research noted the ringgit rose 0.16% week on week to 4.4230, helped by firmer oil and commodity prices.
A stronger ringgit lowers the local cost of dollar-priced feed imports, while firmer oil prices support palm oil sentiment.
staging-beta.freemalaysiatoday.comBernamaFeb 4, 2017Not enough comparable past events yet for a historical read.
Not 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.
