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Standard Chartered said the US dollar's decline, with the Dollar Index falling below 101 to its lowest level since April, should ease pressure on the ringgit over the short and long term. The bank linked the dollar's weakness to lower US inflation.
A weaker dollar would lower the local-currency cost of imported feed ingredients priced in dollars. The effect on feed prices would depend on how long the dollar stays weak.
freemalaysiatoday.comDavid PillaiJul 13, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
