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The ringgit rose as much as 0.6% to 4.7185 per dollar, its strongest level since Feb. 2, after Malaysian policymakers stepped up coordination with state-linked firms to support the currency.
It had been the best performer in Asia over the past week.
Stronger ringgit lowers the ringgit cost of dollar-priced imports and eases pressure on domestic feed input costs. Ringgit moves also feed into Malaysian palm oil pricing in local-currency terms.
bloomberg.comMatthew BurgessMar 4, 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.
