The ringgit posted its fourth consecutive weekly gain, rising almost 2.0% against the US dollar. The move was driven by a sharp fall in the dollar index to as low as 104.7 after a dovish speech by Fed Chair Powell.
Lower-than-expected core PCE inflation and China's COVID relaxation also supported the ringgit.
A stronger ringgit lowers the local currency cost of dollar-priced feed ingredients, which benefits Malaysian feed buyers. The gains are currency-driven and the upside is seen as limited.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.