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UOB analyst Quek Ser Lean expects USD/MYR rallies to meet tough resistance at 4.2000 after the pair fell 1.13% in the week to August 23, its biggest weekly drop in a year. Conditions are deeply oversold, and support sits near 4.1660 and 4.1450.
Currency technicals point to limited further ringgit appreciation near term, so the cost of dollar-priced feed imports for Malaysia is unlikely to fall much further.
octaafrica.netAug 30, 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.
