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Malaysian consumers are cutting back on imported goods and switching to cheaper local products as the weaker ringgit raises prices. The ringgit was down 5.5% year to date at 4.645 at Thursday's close.
Weaker consumer demand for imports reflects the currency's pass-through to domestic prices and slower growth. It has little direct effect on feed commodity prices.
straitstimes.comZunaira SaieedJul 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.
