Supercharged Commodities May Rescue Ringgit Hit by Covid Surge.

(Bloomberg) -- Malaysia's worsening Covid outbreak is taking a toll on the ringgit but buoyant commodity prices may offer some support. Elevated crude and palm oil prices are likely to boost the nation's export earnings and offer some reprieve to a currency that has trailed all its Asian peers this month, according to Australia & New Zealand Banking Group Ltd. [Extracted from the article]