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The ringgit closed higher against the US dollar on November 30 at around 4.4420/4500, reflecting renewed buying interest tied to a favourable China reopening outlook. Analysts cited expectations of a slower Federal Reserve rate path and easing US inflation.
A stronger ringgit tied to China reopening optimism signals firmer Asian demand expectations for commodities, though the direct effect on feed prices is modest.
malaymail.comNov 30, 2022Not 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.
