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Malaysian shares rose on January 20, 2021 as investors bet the central bank would ease policy to support an economy hit by new COVID-19 restrictions. Asian currencies firmed as the dollar slipped after Janet Yellen called for a large fiscal relief package.
The ringgit held a tight range ahead of the central bank meeting.
Expectations of Malaysian rate cuts and a weaker dollar point to a softer ringgit outlook over time. The effect on feed commodity prices is indirect and small.
in.investing.comJan 20, 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.
