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The ringgit ended lower against the US dollar on July 26 at 4.2300/2320, weighed by expectations of Fed tapering and Malaysia's rising Covid-19 cases. Brent crude fell about 0.28% to US$73.89 per barrel at press time.
Currency weakness in Malaysia lifts local import costs for feed ingredients, and softer crude reduces energy-linked support for vegetable oil and biofuel demand.
beta.malaymail.comJul 26, 2021Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
