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Bank Negara Malaysia deputy governor Adnan Zaylani said the ringgit has risen steadily since early July as US rate clarity narrows interest rate differentials. He pointed to structural reforms and portfolio inflow prospects supporting the currency.
A sustained ringgit rally makes Malaysian palm oil costlier for dollar-based buyers, a mild bearish influence on palm oil prices.
malaymail.comSep 26, 2024After 86 past neutral macro events, PALMOIL 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.
