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Bernama reports that the ringgit is expected to trade in a 4.16 to 4.17 range next week ahead of Bank Negara Malaysia's policy meeting on January 20. The ringgit closed the week at 4.1765/1795 against the dollar, from 4.2070/2080 the previous Friday.
The outlook points to a firmer ringgit ahead of central bank guidance, which would lower ringgit-denominated palm oil and import costs, though the effect on feed markets is limited.
destina.myHelmi AzizJan 19, 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.
