Loading…
Bank Negara, through its Financial Markets Committee, said it will intervene in the forex market to curb movements it deems excessive. The committee also noted that exporters are retaining more foreign-currency proceeds, which could weigh on the ringgit.
Intervention to slow ringgit weakness would ease import costs for feed ingredients over time. The grain market impact is indirect because dollar prices dominate.
staging.malaysiakini.comBernamaJun 27, 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.
