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Malaysia's Second Finance Minister Johari Abdul Ghani told parliament the ringgit had risen 4.6 percent against the dollar since the start of 2017. He attributed the gain to higher Brent crude prices in the first half, portfolio inflows and positive economic indicators.
A stronger ringgit and higher oil prices change the local-currency cost of Malaysian palm oil and fuel imports. The statement describes past currency moves and does not signal a new feed price driver.
international.astroawani.comBernamaJul 24, 2017Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, BRENT moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
