
The ringgit opened slightly higher against the US dollar after Malaysia's market reopened from a Deepavali holiday. Investors were watching upcoming US inflation data, while Brent crude and the US Dollar Index had fallen amid reduced concern about Iran-related supply disruptions.
A stronger ringgit lowers the local-currency cost of imported feed and ingredients, all else equal; the reported move was marginal and does not establish a lasting trend.
Not enough comparable past events yet for a historical read.
After 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 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.