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The ringgit ended higher against the US dollar on Thursday, snapping a two-day losing streak, as traders increased bets on a US rate cut in September. The ringgit traded at about 4.2140 per dollar, with the US Dollar Index near 98.17.
Investors awaited US second-quarter GDP and July PCE inflation data.
Expectations of Fed easing weaken the dollar, which tends to support dollar-priced agricultural commodities and palm oil. The move reflects broader dollar sentiment rather than a direct grain supply change.
malaymail.comAug 28, 2025Not 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.
