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The ringgit hit a 24-year low of about 4.6030 per dollar as of September 26, and economists see it possibly falling to 5.00 by year-end. The US Federal Reserve raised rates by 75 basis points and signalled further hikes.
Malaysian headline inflation rose to 4.7% in August, driven by food prices.
Rising food inflation and a weaker ringgit raise the cost of imported feed and food inputs for Malaysian producers. Expected further Fed tightening points to continued dollar strength.
themalaysianreserve.comZukriSep 27, 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.
