
The ringgit is expected to trade in a narrow range against the US dollar ahead of Bank Negara Malaysia's overnight policy rate decision on Nov 5. Analysts cite a possible OPR hike as support, while Middle East tensions could lift oil prices and US yields.
The ringgit rose to 4.0555/0600 per dollar on a weekly basis.
A firmer ringgit lowers the local-currency cost of dollar-priced imports such as feed ingredients, while a possible rate hike would support the currency. Oil-driven dollar strength is the main risk to that outlook.
Not 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.