Loading…
The Malaysian ringgit has risen more than 12% against the dollar so far this quarter, making it the best-performing emerging-market currency. Analysts expect further gains as US rate differentials narrow and trade performance improves.
A stronger ringgit raises the cost of Malaysian palm oil in dollar terms for importers, which can weigh on palm oil demand and prices.
bloomberg.comMatthew BurgessSep 22, 2024After 51 past bearish macro events, PALMOIL moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.
Not 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.
