Loading…
The ringgit rose to its highest level in almost six months against the US dollar on April 21, 2025, trading at 4.3670/3735. Analysts linked the move to concerns over US tariff policy and weaker sentiment toward US assets.
A stronger ringgit makes Malaysian palm oil more expensive for dollar-based buyers, which can weigh on palm oil prices.
thestar.com.myThe Star OnlineApr 21, 2025Not enough comparable past events yet for a historical read.
After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% 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.
