Is There a Relationship Between the Malaysian Ringgit & Crude Oil Prices?


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Dateline 2017-06-02, CommodityTradeMantra:

Is There a Relationship Between the Malaysian Ringgit & Crude Oil Prices?

The notion of intermarket relationships is nothing new, as there remain inextricable links between various sectors within the financial marketplace. Take the relationship between stocks and commodities, for example, which is usually defined by an inverse correlation that sees one asset rise while the other declines in value.

The same principle cannot be applied in advanced industrial economies, however, as these nations are largely commodity-based and reliant on natural resources for their growth. In the case of Malaysia, for example, crude oil remains a prominent export and a lucrative commodity, and in this instance the value of stocks is likely to progress along a similar trajectory to commodities.

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