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Currency traders who had been selling the ringgit began buying it back in early June, producing a sharp rebound. Minister Abdul Rahman Dahlan said foreign outflows had turned to inflows and cited Q1 GDP growth of 5.6 percent.
A rebounding ringgit lowers the local-currency price of Malaysian palm oil, which can cap dollar-denominated palm prices if the trend holds. The story is mainly about currency flows rather than commodity supply.
thethirdforce.netRaggie JessyJun 3, 2017Not 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.
