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Standard Chartered said the ringgit should strengthen over the long term, helped by improved terms of trade and China's potential reopening. It attributed the recent weakness to a narrowing US-Malaysia 10-year yield spread as the Fed tightens.
The outlook suggests a firmer ringgit later, which would ease Malaysian import costs for feed ingredients, but near-term dollar strength from Fed tightening keeps pressure on local feed costs.
freemalaysiatoday.comAmir ImranJul 13, 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.
