Loading…
The Malaysian Reserve reports Malaysia's economy grew above 5% over the last three quarters on strong domestic demand and exports, prompting IMF and World Bank upgrades to 2017 forecasts. The ringgit had been Asia's weakest currency early in the year.
Robust Malaysian growth supports domestic demand and palm oil consumption, a mildly supportive factor for palm oil prices.
themalaysianreserve.comDzulDec 21, 2017After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
