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Malaysian economists said a delay in US Federal Reserve rate cuts would add pressure on the ringgit. The Fed held rates steady at its meeting and US CPI rose to 3.5% in March from 3.2% in February, with the policy-rate gap of about 2.5 points driving capital outflows.
Higher-for-longer US rates keep the dollar strong, raising import costs for dollar-priced feed ingredients in Malaysia and other emerging markets.
freemalaysiatoday.comAnnabelle LawrenceMay 3, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
