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The Malaysian ringgit rose to its highest level in a month against the dollar this week. Analysts attributed the gain to solid economic growth and Bank Negara Malaysia's decision to hold rates steady rather than cut.
A firmer ringgit makes Malaysian imports cheaper in ringgit terms and can weigh on palm oil prices quoted in local currency, though the move is modest for feed buyers.
asia.nikkei.comMIKI KAMIYAMAJan 23, 2025Not enough comparable past events yet for a historical read.
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.
