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Bank Muamalat's chief economist expects the ringgit to trade between 4.63 and 4.65 per US dollar next week (Aug 28 to Sept 1). The analyst said investors will watch Fed chair Powell's Jackson Hole speech for guidance on US policy.
A stable ringgit range implies little change in Malaysian import costs for palm oil processors and feed buyers, while Fed signals drive the broader dollar.
nst.com.myBernamaAug 27, 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.
