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The ringgit rose 0.4% against the US dollar after Bank Negara Malaysia reintroduced a 2024-style FX measure to encourage repatriation of offshore earnings by government-linked companies. MUFG said the gains were likely less sustainable than in 2024 because markets are pricing further Fed tightening.
A firmer ringgit trims the local cost of imported feed inputs, but MUFG's view that gains will be limited suggests little lasting relief for Malaysian buyers. The main driver remains US rate expectations.
fxstreet.comFXStreet Insights TeamJun 26, 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.
