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The ringgit slipped against the US dollar at Tuesday's opening, falling to 4.2290/2330 ahead of the final FOMC meeting of the year. A UK Omicron-related death and a Bank of Canada policy review added to demand for the greenback.
A firmer dollar on Fed tightening expectations can pressure dollar-priced commodities, but this routine currency update does not add a new feed supply factor.
ca.nda.newsThe Edge Markets MY, New Straits Times Online, The Star OnlineDec 14, 2021Not enough comparable past events yet for a historical read.
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.
