Loading…
The ringgit opened higher against the US dollar on 12 November, with the dollar seen vulnerable to a reversal after a rise in US bond yields. The local currency also traded mostly higher against other major currencies.
Dollar weakness eases the local cost of dollar-denominated feed imports, but the effect on prices is small.
themalaysianreserve.comZukriNov 12, 2019Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
