Loading…
The ringgit fell to a six-month low of 4.6280 per US dollar on May 26 as the US debt ceiling talks remained uncertain. Fitch placed the US AAA rating on negative watch, and US 10-year Treasury yields rose to about 3.82%.
Analysts expected volatility to persist in the near term.
Higher US yields and a stronger dollar pressure emerging-market currencies, raising the cost of dollar-denominated feed imports for buyers in Asia. The effect is a general macro headwind rather than a direct commodity driver.
themalaysianreserve.comZukriMay 26, 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.
