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The ringgit weakened against the US dollar on September 19 to 4.6940/6980 from 4.6870/6915 the prior day, ahead of the FOMC meeting. It also fell against the yen, euro and Singapore dollar.
Analysts expected the Fed to keep restrictive policy, supporting the dollar.
Dollar strength ahead of the Fed decision raises the ringgit cost of dollar-priced feed imports into Malaysia.
malaymail.comSep 19, 2023Not enough comparable past events yet for a historical read.
After 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.
