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Rakuten Trade maintains its forecast that the ringgit will strengthen toward RM3.90 per US dollar this year, citing Chinese fund inflows and easing US-China trade tensions. Analyst Kenny Yee said the ringgit tracks the yuan closely.
A firmer ringgit and yuan would signal somewhat weaker dollar pressure on Asian import costs, but the forecast is a currency view with little direct effect on feed prices.
themalaysianreserve.comDzulApr 30, 2019Not enough comparable past events yet for a historical read.
After 362 past bearish macro events, USDCNY moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), 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.
