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Asian currencies rose on January 20, 2021 as the dollar retreated after Janet Yellen signaled support for more stimulus. Bank Negara Malaysia kept its overnight policy rate at a record low of 1.75%, and the ringgit traded at 4.042 per dollar.
Five of 15 economists in a Reuters poll had expected a hold, while most had expected a cut.
A central bank hold on rates, against expectations of a cut, slightly supports the ringgit. The impact on feed commodity prices is minimal.
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.
