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The ringgit weakened further against the US dollar on April 26, tracking other Asian currencies. The dollar firmed on expectations of higher US interest rates and safe-haven demand after weak US corporate earnings and consumer confidence data.
A weaker ringgit raises the local-currency cost of imported feed ingredients for Malaysian buyers. The move reflects broad dollar strength rather than a change in Malaysia-specific supply or demand.
malaymail.comApr 26, 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.
