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The ringgit weakened against the US dollar on Tuesday, slipping to 4.0735/0775 from Monday's close, as investors unwound AI-related trades. Analysts said Malaysia's semiconductor and tech investment flows made the currency vulnerable to the broader AI pullback.
A weaker ringgit makes Malaysian palm oil cheaper for buyers using other currencies, which can weigh on palm oil prices in dollar terms. The move is driven by equity and risk sentiment rather than a change in palm supply or demand.
themalaysianreserve.comZukriNov 3, 2026Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, PALMOIL 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.
