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Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus said the ringgit has weakened 4.4% against the dollar this year, mainly due to external factors such as aggressive Fed tightening. She said the currency is market-determined and that the central bank is actively managing external risks.
Central bank commentary signals limited intervention, so ringgit weakness driven by dollar strength is likely to persist, keeping Malaysian import costs for dollar-priced feed inputs elevated.
malaymail.comApr 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.
