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MARC Ratings says interest rate differentials are the main factor weighing on the ringgit, as portfolio funds move toward higher-yielding markets. Malaysia's policy rate is 3.00%, and it is one of only three countries in its 32-country sample not expected to cut rates over the next 12 months.
Wider rate gaps with the US keep capital flowing out of Malaysia and the ringgit weak, which raises the local cost of dollar-priced feed ingredients.
scoop.mykerryMar 18, 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.
