# Malaysia's weakening ringgit not reflecting state of economy, central bank governor says

> 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.

- Date: 2022-10-03 · published 2022-10-03T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/39381-malaysia-s-weakening-ringgit-not-reflecting-state-of-economy-central-bank
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/malaysia-c-bank-says-weakening-ringgit-not-reflection-state-economy-2022-10-03/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.