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UOB expects USD/MYR to trade sideways between 4.3670 and 4.4010 in the coming weeks, after the pair rose to 4.4050 before pulling back. The bank says upward momentum has waned and a break below 4.3670 could signal a deeper pullback.
A sideways range implies little change in dollar-based costs for Malaysian importers in the near term, so the price impact on feed is limited.
teletrade.orgMay 23, 2022Not enough comparable past events yet for a historical read.
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.
