◂ Event Timeline

Dec 19, 2017MACROMalaysia

Ringgit remains supported with higher China trade going into 2018

The Malaysian Reserve reports that the ringgit is expected by Oanda's Stephen Innes to reach RM3.90 per USD in 2018, supported by strong growth, higher trade with China and Belt and Road initiatives. Risks include a stronger dollar triggering emerging-market capital outflows.

WHY IT MATTERS

A forecast ringgit appreciation would make ringgit-denominated palm oil more expensive in dollar terms, a modest bearish factor for palm oil demand competitiveness.

AFFECTSMalaysian Ringgit (MYR per USD)▼Palm Oil◆

SOURCE
themalaysianreserve.comDec 19, 2017

Price reaction & history

Malaysian Ringgit (MYR per USD)▼bearish

Not enough comparable past events yet for a historical read.

Palm Oil◆neutralSO FAR1d 0.0%5d -0.6%20d +3.1%

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.

Jun 30, 2017Continued non-resident inflow leads to Ringgit's appreciation: BNM - The Malaysian Reserve+2.7%
Oct 28, 2020EMERGING MARKETS-Malaysian shares slip on political woes as trade data supports ringgit+3.6%
Aug 31, 2024Ringgit set to gain further against US dollar with support from economic data and Fed moves | Malay Mail+3.9%
Nov 30, 2022Ringgit ends higher against US dollar on positive China sentiment | Malay Mail+3.7%
Sep 30, 2024Malaysia ringgit gains most among Asian FX, Chinese stocks soar - Markets - Business Recorder+9.1%

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.

Malaysian Ringgit (MYR per USD) USDMYR · GP ▸

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Palm Oil PALMOIL · GP ▸

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