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Anwar Ibrahim pledged to heal a divided nation and strengthen the economy after his appointment as prime minister. Malaysian stocks and the currency surged on the news.
Political clarity supports the ringgit and regional sentiment, which can lower the dollar cost of Malaysian palm oil and other commodity imports.
apnews.comEileen NgNov 25, 2022Not enough comparable past events yet for a historical read.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
