
HSBC expects the ringgit to trade between RM4.10 and RM4.20 against the US dollar in 2027, weaker than its current RM4.05-RM4.10 range. HSBC says it should still outperform the Thai baht, Indonesian rupiah and Philippine peso, but underperform the yuan and South Korean won.
A weaker ringgit raises the ringgit cost of dollar-priced imports such as feed and fertiliser, while a firmer dollar tends to pressure dollar-denominated commodity prices.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.