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Malaysia's Ministry of Finance said the ringgit had strengthened 2.8% against the US dollar as of November 22, 2024. The ministry also cited gains against several regional currencies and rising FX market turnover.
Policy measures to support the ringgit affect the dollar cost of Malaysian palm oil, a modest influence on vegetable oil prices for feed buyers.
mof.gov.mySaidiDec 16, 2024Not enough comparable past events yet for a historical read.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
