
The ringgit is expected to trade in a narrow range of RM4.05 to RM4.08 against the US dollar this week ahead of Bank Negara Malaysia's overnight policy rate decision on 5 November. Kenanga Investment expects the central bank to hold the OPR at 2.75% but signal a more hawkish stance after Q3 GDP grew 5.3%.
A firmer ringgit or tighter Malaysian policy affects the cost of Malaysian palm oil and other ringgit-priced inputs for feed buyers. Changes in USD strength also shift the dollar cost of palm-based feed ingredients.
Not 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.