# BNM governor: BNM actively managing ringgit’s risk from external development | Malay Mail

> 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.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42102-bnm-governor-bnm-actively-managing-ringgit-s-risk-from-external-development
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2022/04/28/bnm-governor-bnm-actively-managing-ringgits-risk-from-external-development/2056150

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.