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Standard Chartered's FX research head sees little catalyst for the ringgit to recover in 2019 and expects a neutral view. She cited weaker global demand, slowing China, and soft commodity prices such as crude palm oil and LNG.
Weak global demand and low palm oil prices keep Malaysia's export earnings and current account surplus subdued, limiting support for palm oil values.
beta.malaymail.comAzril AnnuarJan 22, 2019Not enough comparable past events yet for a historical read.
After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% 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.
