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The ringgit fell more than 0.7% week on week against the dollar, driven by a spike in US 10-year Treasury yields and hawkish Fed signals. Domestic political uncertainty and yuan weakness pushed the currency near its all-time low of 4.77 per dollar.
Persistent dollar strength and a weaker ringgit can raise Malaysian import costs and shift palm oil export competitiveness. The impact on feed commodity prices is indirect.
businesstoday.com.myOct 25, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
