Loading…
The ringgit ended lower against the US dollar at 4.1920/1960 on November 13, extending its losses. The US dollar reached its highest level since June 2017, and investors were pricing in a Fed rate hike the following month as capital left emerging markets.
A stronger dollar and capital outflows from emerging markets raise the local-currency cost of imports and can weigh on Asian feed buying power. The impact on grain and oilseed prices is modest.
fmtv5.freemalaysiatoday.comBernamaNov 13, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
