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The ringgit opened marginally higher on July 30 at 4.2350/2400 against the dollar. US GDP came in at 6.5% versus an expected 8.5%, leaving the greenback trading sideways.
A weak US GDP print eases dollar strength, which modestly supports ringgit-priced imports and dollar-denominated commodity values for Asian buyers.
malaymail.comJul 30, 2021Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
