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Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus said pegging the ringgit to the dollar would be costly and risky, and that the central bank does not target any exchange rate level. She attributed the currency's weakness mainly to strong US growth, rising US inflation and the Ukraine conflict.
With no peg planned and the currency under pressure from US policy, dollar-denominated feed import costs for Malaysian buyers are likely to stay elevated.
malaysianow.comBernamaMay 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.
