Loading…
Bank Negara Malaysia has increasingly used currency forwards to support the ringgit, with its net forward position widening to negative US$27.7 billion in April. Gross foreign reserves stayed stable at US$113.6 billion as of end-May.
Central bank intervention limits ringgit volatility, which steadies the local cost of palm oil and imported feed without a clear directional price signal.
freemalaysiatoday.comBloombergJun 20, 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.
