Loading…
The ringgit closed at 4.0675/0725 per USD on December 4, its strongest level in 14 months, helped by strong October export forecasts, firm crude prices and foreign equity buying. Analysts cited OPEC's output-cut extension as supporting crude prices.
A stronger ringgit on firm crude and export expectations supports Malaysian palm oil pricing dynamics and feeds into the cost base for regional vegetable oil supply.
malaymail.comDec 4, 2017Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
