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A FXTM analyst said the ringgit's direction over the coming weeks will depend heavily on the US Federal Reserve's policy statement. The analyst noted OPEC's meeting and the Fed decision as key risk events that week.
A hawkish Fed would strengthen the dollar and pressure emerging-market currencies like the ringgit, which can affect Malaysian palm oil pricing and demand. The article is analyst outlook rather than a new market-moving event.
beta.malaymail.comJul 25, 2017Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
