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The ringgit opened weaker against the US dollar on March 30 at 4.1420/1470, despite FTSE Russell's decision to remove Malaysia from its Watch List. Analysts said the currency's bounce from monthly lows could be fleeting as bonds sold off.
A soft ringgit modestly lowers the ringgit cost of palm oil exports, a minor influence on regional vegetable oil pricing in dollar terms.
nst.com.myBernamaMar 30, 2021Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% 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.
