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The ringgit opened higher after Bank Negara Malaysia kept its overnight policy rate at 3%, with the dollar index near 108.2. Analysts expected the central bank to hold rates through 2025 and said some profit-taking was likely after the currency's recent rise.
Expectations of stable Malaysian rates support the ringgit, which can ease the cost of ringgit-priced palm oil and related feed inputs.
thestar.com.myThe Star OnlineJan 23, 2025Not 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.
