The ringgit traded at an eight-year high against the dollar, with the greenback down 0.8% against it. The dollar's slide followed Trump remarks suggesting the US would not mind a weaker dollar, and Asian currencies have benefited, with yen recovery adding support.
A broad weaker dollar lifts Asian currencies including the ringgit, which raises the local cost of regional dollar-priced commodities such as palm oil and affects export margins.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.