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The Malaysian ringgit has been Southeast Asia's worst-performing currency this year, hitting a seven-month low against the US dollar. It rebounded slightly after the central bank said it would intervene to limit excessive currency moves, and the weakness is raising concerns about the cost of living.
A weak ringgit raises the local-currency cost of imported feed ingredients, which feeds through to Malaysian livestock and poultry costs. Central bank intervention could limit further losses.
scmp.comJoseph SipalanJul 1, 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.
