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S&P Global Ratings forecasts a 9% rebound in the ringgit by the end of 2024. The agency said the weak currency does not pose a risk to Malaysia's sovereign rating.
A forecast rebound would ease import cost pressure on Malaysian buyers later in the year, though the forecast is not a policy action.
bloomberg.comKarl Lester YapMar 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.
