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UOB analysts said USD/MYR could break above the 4.2000 resistance level after the pair hit 4.1905 on July 9. They flagged 4.2220 as the next resistance and 4.1750 as support.
A forecast of further ringgit weakness signals higher ringgit costs for Malaysian feed importers, though this is technical commentary rather than a new supply or demand event.
octaafrica.netJul 12, 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.
