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The ringgit climbed in recent days to 4.4290 per dollar, recovering from a low near 4.45 earlier in the month, helped by higher oil prices. Bank Negara's measures to make exporters hold more ringgit also supported the currency.
Maybank expects the ringgit to strengthen to 4.25-4.30 by year-end.
A firmer ringgit reduces the local cost of dollar-priced feed imports, although analysts see only partial recovery from the year's losses.
businesstimes.com.sgAnita GabrielDec 8, 2016Not 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.
