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Malaysia's finance minister cited median foreign analyst forecasts for the ringgit at 4.37 in Q2 2022, falling to 4.27 in Q1 2023. He attributed the current depreciation to temporary factors, including global monetary tightening and weakness in the Chinese yuan.
Official forecasts of a stronger ringgit point to easing import costs in dollar terms for Malaysian feed buyers if the currency firms as expected.
mof.gov.mySaidiMay 28, 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.
