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A technical analysis of the US dollar against the ringgit finds the pair has moved in a channel between roughly 4.05 and 4.20 since the government change in March 2020. It notes a broader range of 3.89 to 4.45 over four years and a gradual ringgit appreciation since the movement control orders were lifted.
Currency range analysis matters to palm oil buyers who price Malaysian supply in dollars. The analysis describes trends rather than a new shock.
emirresearch.comMargarita Peredaryenko, Sofea AzaharFeb 23, 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.
