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Bank Negara Malaysia held its policy rate unchanged and signalled little change ahead. The central bank warned that the US election outcome could increase near-term ringgit volatility.
It noted that a narrowing interest rate differential with the US is supportive for the currency.
Stable Malaysian policy rates and a narrowing US rate gap reduce pressure on the ringgit, which affects the cost of Malaysian palm oil and feed imports.
reuters.comDanial AzharNov 6, 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.
