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The ringgit is down more than 6% against the US dollar in October, on course for its biggest monthly loss since August 2015. Analysts attribute the drop to risk-off positioning ahead of the US election and a renewed strength in the dollar across Asian currencies.
Currency weakness across Asia reflects a firmer dollar, which typically weighs on dollar-denominated commodity prices and can raise import costs for feed-importing Asian buyers.
straitstimes.comOct 31, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
