Loading…
Malaysian economist Juwai IQI expects the ringgit to recover, citing higher oil prices, positive export and trade figures, and a weaker US dollar. The forecast is a range of 3.67 to 4.10 per dollar for 2021, with vaccination targets of 80% by mid-October.
Bank Negara Malaysia is cited as maintaining currency stability.
A stronger ringgit forecast would lower Malaysian import costs for dollar-priced feed ingredients, though the commentary is an outlook rather than a new market driver.
sinarharian.com.myWartawan Sinar HarianAug 27, 2021Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
