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The ringgit opened higher against the US dollar on May 29 after reports of a 60-day US-Iran truce, which pushed Brent crude down 1.04% to US$93.31 per barrel. US PCE inflation rose to 3.8% in April and the Dollar Index fell 0.21%.
Lower crude prices reduce biofuel and energy-linked support for vegetable oils and corn, while a firmer ringgit can pressure Malaysian palm oil prices in ringgit terms.
thestar.com.myThe Star OnlineMay 29, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.
