
The ringgit ended near a one-year high against the US dollar on Wednesday, September 17, at 4.1860/1900. Analysts linked the move to expectations of a Federal Reserve rate cut, which was largely priced in ahead of the Fed decision.
The ringgit was weaker against the yen, pound and euro at the close.
A firmer ringgit lowers the ringgit cost of dollar-priced feed ingredients for Malaysian buyers. The move reflects expected US monetary easing rather than any change in feed supply or demand.
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.