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The ringgit opened higher against the dollar for a third straight day on April 13 after US producer prices unexpectedly fell in March. Jobless claims also rose, which analysts said supported the case for a pause in Fed rate hikes.
Expectations of a Fed pause weaken the dollar and can ease the cost of dollar-priced feed imports in Malaysia. The impact on feed prices is limited because the driver is US monetary data.
nst.com.myBernamaApr 14, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) 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.
