
Asian currencies weakened as the dollar firmed near a two-week high after US core inflation rose 0.3% in October. Higher US two-year Treasury yields led investors to reassess emerging-market assets, with the Thai baht and Malaysian ringgit both falling.
Weaker Asian currencies such as the ringgit can lower the local-currency cost of palm oil exports from Malaysia, which may cap palm prices. A firmer dollar generally weighs on commodity prices quoted in US dollars.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% 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.