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Kenanga Investment Bank expects the ringgit to take profits after a six-day rally that left it at 4.0365/0405 against the dollar. The bank sees a likely range of 4.04 to 4.06 and says a break above 4.06 would require escalation involving Iran.
The forecast points to a small reversal in the ringgit, which would slightly raise the USD cost of Malaysian palm oil. The impact on feed ingredient prices is minor and depends on Fed guidance at Jackson Hole.
malaymail.comAug 22, 2026Not 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.
