Loading…
Bank Negara governor Nor Shamsiah Mohd Yunus said the ringgit had stayed relatively stable against major trading partners' currencies, with a nominal effective exchange rate decline of about 0.1%. She noted the dollar index had risen 11.5% this year and said the central bank would use its tools to keep ringgit moves orderly.
Central bank readiness to limit ringgit volatility reduces the risk of sharp import cost swings for Malaysian feed buyers, while the strong dollar keeps regional currencies under pressure.
thevibes.comJul 26, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
