Loading…
Malaysian assets attracted returning foreign investors while regional peers lagged. The ringgit hit an 18-month high against the dollar, extending its gains for the year to more than 5%.
A strengthening ringgit lowers the ringgit cost of dollar-priced palm oil exports, which can make Malaysian palm oil less competitive and soften prices.
reuters.comAnkur BanerjeeAug 22, 2024Not enough comparable past events yet for a historical read.
After 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.
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.
