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AmBank's chief economist expects the ringgit to strengthen against the US dollar in the near term, after the ringgit weakened about 1% in May. He attributes the expected gain to a weaker dollar, firmer oil prices and rising expectations of a rate cut in July.
A firmer ringgit makes Malaysian palm oil more expensive in dollar terms, which can weigh on export demand. Higher oil prices, however, support palm oil through biodiesel.
malaymail.comJun 4, 2020Not 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.
