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The Malaysian ringgit has weakened against the US dollar and Singapore dollar, falling past RM4.40 per dollar on May 19 and hitting a record low against the Singdollar on May 24. Analysts attribute the slide to expected US rate hikes, and CNA examines the government's options to ease depreciation pressure.
A weaker ringgit raises the cost of imported feed inputs for Malaysian buyers, while also shaping regional demand for palm oil and other commodities priced in dollars.
channelnewsasia.comVincent TanMay 25, 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.
