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Malaysian shares eased as political tensions raised doubts about passing the 2021 budget, while a jump in September exports and a larger trade surplus supported the ringgit. ING said politics would keep pressure on the ringgit and it was reviewing its year-end USD/MYR forecast.
Trade strength supports the ringgit, but political risk could weaken it, shifting the relative cost of Malaysian palm oil exports.
sg.finance.yahoo.comRashmi AshokOct 28, 2020Not 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.
