Loading…
Malaysian Prime Minister Anwar Ibrahim said Malaysia wants more trading partners to accept ringgit payment to shore up the currency and reduce reliance on the US dollar. The ringgit has lost about 7.5% against the dollar this year.
A push to settle trade in ringgit is a policy shift that could reduce dollar demand over time, though its near-term effect on feed import costs is limited.
reuters.comOct 10, 2023Not 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.
