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The ringgit opened weaker at 4.1330/1360 per dollar on March 24, following a dollar rally on safe-haven demand. The US dollar index rose 0.7% to 92.34, with analysts expecting the greenback to approach its monthly high.
A stronger dollar index pressures dollar-denominated commodity prices and raises the local-currency cost of Malaysian palm oil exports.
dagangnews.comMar 24, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
