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The Star reports that Malaysia's forex market has become more efficient following several central bank initiatives, including a requirement that exporters convert 75% of earnings back into ringgit.
Better FX market functioning reduces hedging costs for palm oil exporters, with limited direct effect on global feed prices.
thestar.com.myThe Star OnlineDec 21, 2017Not enough comparable past events yet for a historical read.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
