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AmBank FX research reports the dollar falling after the Fed chair nomination news and possible gradual tax reforms. It expects the ringgit to trade between 4.2261 and 4.2420 per US dollar and lists key data releases for the day, including the Bank of Japan rate decision and EU GDP.
Dollar weakness after the Fed nomination eases the dollar cost of ringgit-priced imports slightly. The move is a routine FX outlook with limited commodity impact.
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.