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The AmBank FX outlook says the dollar rose to a 17-year high on consumer confidence and a hawkish Fed tone. The ringgit is expected to trade between 4.0979 and 4.1161 per dollar.
The note lists upcoming US GDP, PCE, and European and UK data releases.
A stronger dollar and firmer US data reinforce pressure on dollar-denominated commodity prices and on ringgit-linked costs. The note is routine daily FX commentary with limited direct feed impact.
myoneacademy.blogspot.comThe Blogger (63672674Nov 29, 2017Not enough comparable past events yet for a historical read.
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.
