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Analysts say the ringgit remains undervalued and is likely to stay so until the US Federal Reserve's terminal rate is clear. The Fed was expected to deliver its ninth consecutive hike on March 22, taking the fed funds range to 4.75%-5%.
Bank Negara was seen holding its policy rate at 2.75%.
A persistently weak ringgit makes dollar-priced feed imports dearer for Malaysian buyers, while the rate-differential outlook depends on Fed policy.
theedgemalaysia.comMar 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.
