Loading…
The ringgit strengthened to 4.1300/1350 against the US dollar on a Friday-to-Friday basis from 4.1480/1510. Analysts expect next week's performance to hinge on the Trump-Xi meeting over the weekend and an OPEC+ decision on production cuts.
A ringgit rally on easing US-China tensions and firmer oil would reduce pressure on Malaysia's palm oil and other commodity-linked exports priced in dollars, with limited direct effect on feed grain prices.
malaymail.comJun 29, 2019Not 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.
