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Economists said the August 12 state elections had a minor effect on the ringgit's recent decline, which they attributed more to the weaker yuan and concerns about China's economy. A weaker ringgit could raise import costs for Malaysian industries.
Yuan weakness spilling into the ringgit raises the cost of imported inputs for Malaysia, and the China link is a key driver for regional currency and commodity demand.
scoop.myAdam AyzzatAug 19, 2023Not enough comparable past events yet for a historical read.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
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.
