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Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said the ringgit is undervalued and ought to trade higher, given the country's positive economic outlook. The statement was issued on Tuesday, February 27.
A central bank signal that it sees the currency as undervalued can limit further depreciation, which would ease pressure on Malaysian import costs.
bloomberg.comNetty Idayu IsmailFeb 27, 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.
