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Malaysia's ringgit has weakened to its lowest level since 1998 and has lost 11.6% against the dollar so far this year. Central bank governor Nor Shamsiah Mohd Yunus said the currency decline did not reflect the state of the economy, which she described as robust with a healthy labour market.
A weaker ringgit raises the cost of imported feed inputs for Malaysian buyers, though the governor's comments signal no policy response. The story is mainly currency sentiment with limited direct grain price impact.
reuters.comOct 3, 2022Not 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.
