
The Malaysian ringgit is expected to trade in a narrow band of RM4.07 to RM4.08 per dollar next week. Investors are waiting for the Fed's tone and Chair Powell's press conference after the Oct.
27-28 policy meeting. The ringgit has been trading more on Fed expectations than on local factors.
Ringgit stability affects the cost of palm oil and other Malaysian commodity exports priced in dollars. A firmer dollar from a hawkish Fed would pressure the ringgit and could shift palm oil export pricing.
Not enough comparable past events yet for a historical read.
After 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.
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.