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The ringgit is at a 24-year low against the dollar and is expected to weaken further as Malaysia's national election adds political risk. Uncertainty also surrounds the government's US$80 billion budget, which aims to cut taxes and narrow the fiscal deficit.
Political risk and budget uncertainty can push the ringgit lower, raising Malaysian import costs for feed ingredients. The impact on commodity prices is limited.
scmp.comBloombergOct 17, 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.
