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Washington and Beijing agreed to a trade truce pending further talks, but markets remain volatile. Analysts expect ringgit and oil price volatility to persist this year, driven by US-China trade developments and Fed policy.
Persistent trade-war uncertainty and oil volatility raise costs for trade-dependent firms and can shift dollar-priced commodity demand from China.
themalaysianreserve.comJul 8, 2019Not enough comparable past events yet for a historical read.
After 12 past neutral trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (33% higher; middle half -3.6% to +0.9%), and +1.2% 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.
