Loading…
Malaysia's Finance Ministry said the ringgit was the best-performing regional currency against the US dollar as of mid-May, gaining about 2% from late February to May 17. Analysts attributed the gain to government and central bank measures that drew back investor funds, while cautioning that recovery depends on when the Federal Reserve cuts rates.
A firmer ringgit lowers the local-currency cost of imported feed inputs for Malaysian buyers, but the gain is fragile while US rate expectations stay high and the dollar remains firm.
channelnewsasia.comAqil Haziq MahmudMay 28, 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.
