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The ringgit climbed to an eight-month high of 4.0540/0580 against the dollar after the Fed signaled no rate hikes this year. Dealers also cited US-China trade tensions and Brent crude rising to US$68.20 as supporting factors.
A stronger ringgit and weaker dollar lower the local cost of dollar-priced feed imports, while a rise in Brent crude supports energy and biofuel-linked commodity values.
staging-beta.freemalaysiatoday.comBernamaMar 21, 2019Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, BRENT moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
