# Malaysia on brink of intervention as Ringgit nears threshold

> 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.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31484-malaysia-on-brink-of-intervention-as-ringgit-nears-threshold
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/malaysia-on-brink-of-intervention-as-ringgit-nears-threshold-045933574.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.