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The ringgit finished the prior week 0.9% stronger at RM4.15 per dollar, ending two months of losses. Support came from Malaysia's trade and manufacturing data and expectations of an early Federal Reserve rate cut, though analysts warned Asian currencies remain exposed to US-China trade escalation.
Stronger ringgit on domestic trade data reduces the cost of dollar-priced Malaysian palm oil imports, while ongoing US-China tension remains a downside risk for regional demand.
themalaysianreserve.comJun 10, 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.
