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Bank Negara Malaysia said it would step up efforts to support the ringgit, including measures to attract foreign funds and encourage state-linked firms to repatriate overseas earnings. The central bank said the ringgit's more than 4% June decline reflected cautious foreign positioning and expectations of higher US interest rates.
A stronger ringgit lowers the local-currency cost of imported feed ingredients and can ease pressure on Malaysian palm oil and feed buyers' costs. The policy intervention may temper ringgit weakness, but Fed rate expectations still dominate the outlook.
channelnewsasia.comJun 24, 2026Not enough comparable past events yet for a historical read.
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.
