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Bank Negara Malaysia said coordinated efforts by government-linked companies and corporates have strengthened the ringgit, which has been the only regional currency to gain against the dollar since February 26. The central bank also said it has no plans for capital controls.
Coordinated exporter selling of dollars supports the ringgit, which lowers local costs for Malaysian palm oil exporters. The absence of capital controls keeps trade flows open.
staging.malaysiakini.comBernamaApr 8, 2024Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, PALMOIL moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% over 20.
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.
