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The ringgit ended lower against the US dollar at 4.6575/6610 on Wednesday, Aug 23, amid uncertainty over the Federal Reserve's next move. The US Dollar Index rose 0.27 percent to 103.839.
A weaker ringgit raises the cost of dollar-priced imports for Malaysia and can cushion palm oil export prices in local currency terms.
malaymail.comAug 23, 2023Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
