Loading…
The ringgit opened slightly lower on July 13 at 4.1910/1935 against the dollar. Analysts cited rising Covid-19 cases in Malaysia and the Delta variant's spread, with OPEC+ divisions also weighing on sentiment.
Continued ringgit softness raises local costs for imported feed and other dollar-priced inputs, while OPEC+ uncertainty affects energy prices that feed into biofuel and freight costs.
malaymail.comJul 13, 2021Not enough comparable past events yet for a historical read.
After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% 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.
