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The ringgit is expected to keep appreciating against the dollar from September 30, according to an analyst, despite caution ahead of key US economic data. The article cites Bank Muamalat's outlook.
A firmer ringgit makes Malaysian palm oil more expensive in dollar terms, a modest bearish factor for palm oil prices.
thestar.com.mySep 29, 2024After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% 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.
