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The ringgit opened marginally higher against the US dollar on Tuesday at 4.0690/0750 from Monday's close of 4.0695/0735. Brent crude fell 8.12% to US$104.21 per barrel as US-Iran diplomatic talks progressed.
Hopes of reopening the Strait of Hormuz lower crude prices and ease energy-driven inflation pressure, which weakens the case for further US rate hikes and supports Asian currencies. Currency moves matter for Malaysian palm oil and feed import costs.
malaymail.comNov 3, 2026After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% 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.
