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Malaysia's Financial Markets Committee agreed the ringgit is undervalued given strong economic fundamentals. The committee welcomed plans for government-linked companies to convert foreign investment income into ringgit more consistently to support the currency.
Government-linked conversion flows could firm the ringgit and lower the local-currency cost of imported feed inputs. The impact is likely to be gradual.
malaymail.comMar 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.
