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Singaporeans are taking more trips to Malaysia because the weak ringgit makes spending there cheaper, and this has created a shortage of ringgit in Singapore. Malaysians are demanding answers about the currency's poor performance.
An economist linked the weakness partly to a less aggressive Malaysian monetary policy.
Currency-driven shifts in cross-border spending have little direct effect on feed commodity supply or demand. The story reflects the wider currency weakness with no direct price impact.
scmp.comKimberly LimMay 30, 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.
