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Bank Negara Malaysia attributed recent ringgit weakness to a stronger US dollar and expectations of smaller US interest rate cuts. The central bank's comments came as the currency traded near multi-month lows against the dollar.
The report was published on 15 November 2024.
A weaker ringgit with a firm dollar raises Malaysia's import costs for feed and grain, while the narrowing rate gap with the US limits further currency pressure.
nst.com.myNov 15, 2024Not 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.
