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Analysts expect the ringgit to trade cautiously next week as investors await major economic data, including China's Q4 GDP and UK and EU inflation. They note Red Sea conflict has cut traffic through the canal by up to 20 percent year on year, forcing costly Cape of Good Hope rerouting.
Rerouting around the Cape raises shipping costs and transit times for freight, which can pressure feed commodity delivered prices and freight rates.
nst.com.myJan 14, 2024Not enough comparable past events yet for a historical read.
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.
