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The ringgit opened higher against the US dollar at 4.0585/0660 on November 5, ahead of Bank Negara Malaysia's final policy meeting of 2026. Analysts expected a 25 basis point rate hike to normalise policy after strong growth.
Improved global sentiment after the US midterm elections also supported the currency.
A firmer ringgit makes ringgit-priced palm oil more expensive for overseas buyers, a mildly bearish factor for palm oil and feed inputs priced in ringgit. Rate hikes also tighten Malaysian financing conditions.
malaymail.comNov 5, 2026Not 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.
