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The ringgit held near a two-month high against the dollar on November 25, closing at 4.4795/4890. Optimism grew that the Fed would slow its rate hikes to 50 basis points in December after US inflation eased to 7.7% in October.
Expectations of a slower Fed path weaken the dollar broadly, supporting Asian currencies and lowering the dollar cost of regional commodity imports.
malaymail.comNov 25, 2022Not 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.
