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HSBC believes the ringgit is undervalued and expects it to recover as the Malaysian domestic economy emerges from a double-dip recession. The bank's view points to a firmer currency over the coming period.
A stronger ringgit would raise the dollar value of Malaysian palm oil and make ringgit-priced imports cheaper, with modest implications for regional feed and vegetable oil prices.
malaymail.comJan 17, 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.
