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Deputy Finance Minister Mohd Shahar Abdullah told parliament the ringgit had fallen 6.2% against the US dollar since early 2022, in line with regional currencies. He blamed aggressive US rate hikes, Ukraine-related risk-off sentiment and weak China growth, and said Bank Negara would intervene to prevent large swings.
Persistent ringgit weakness raises the local cost of imported feed and fertiliser, while government readiness to smooth moves limits the currency shock for Malaysian feed buyers.
mof.gov.myNatrahJul 26, 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.
