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UOB Group analyst Quek Ser Leang sees USD/MYR at risk of further decline, with the next support at 4.1200 and a near-term target of 4.1350. A break above 4.1660 would signal the ringgit weakness has stabilised, following a drop to 4.1410 on September 1.
A stronger ringgit would lower the local-currency cost of dollar-priced imports for Malaysia but could make Malaysian palm oil more expensive in dollar terms for export buyers.
octaafrica.netSep 6, 2021Not 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.
