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Bernama reports the ringgit is expected to extend its gains next week, supported by market expectations of a US rate cut in September. The analyst cited a WIRP probability above 100% for a September cut and set support levels around 4.65 per dollar.
Expectations of a weaker dollar tend to support commodity prices, but the effect on palm oil and feed markets is modest compared with direct supply news.
nst.com.myBernamaJul 28, 2024Not 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.
