Loading…

The ringgit opened slightly stronger at 4.0550 per US dollar against Friday's 4.0555 close. Traders positioned ahead of Bank Negara Malaysia's Thursday decision, with some expecting a 25 basis point hike while market consensus holds the rate at 2.75 per cent.
Expectations of a Malaysian rate hike support the ringgit and lower the local cost of dollar-denominated feed imports. The effect is small unless the central bank actually moves.
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.