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The ringgit opened lower on December 1 as traders took profits after recent gains and awaited remarks from Fed Chair Jerome Powell. The article notes that the Fed's preferred inflation gauge, PCE, fell to 3% in October and core PCE to 3.5%.
Routine intraday currency moves ahead of Fed speeches have little direct effect on feed commodity prices, though the inflation data points to possible easing that could weaken the dollar.
businesstoday.com.myCynthia IgnatiusDec 1, 2023Not 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.
