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Bank Negara Malaysia said it is ready to sell US dollars from reserves to limit excessive ringgit weakness, according to the second finance minister. The ringgit was trading at 4.7605 per dollar, and investors were watching the 4.8 level as a possible trigger for stronger intervention.
Central bank intervention could cap further ringgit losses and dampen the rise in Malaysia's dollar-denominated import costs. Feed and palm-related input costs in ringgit terms would be affected.
sg.finance.yahoo.comBloombergMar 1, 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.
