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The Malay Mail reviewed the ringgit's 2017 performance, noting a rebound from a 19-year low to a 10% total return. It credited Bank Negara Malaysia's measures, rising crude prices and better export data for the recovery.
A firmer ringgit lowers the local cost of imported feed inputs and can soften Malaysian palm oil prices, though the effect on global feed prices is limited.
beta.malaymail.comDec 30, 2017Not 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.
