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Malaysia's ringgit is set to keep rising, according to an outlook piece ahead of the Federal Reserve's first policy decision of 2023. Officials at the Fed were due to decide on interest rates that week.
Expectations for a stronger ringgit lower the local cost of palm oil and support regional pricing. The article is a currency outlook with little direct effect on feed supply.
thestar.com.myGANESHWARAN KANAFeb 1, 2023Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% 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.
