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The ringgit closed lower against the US dollar at 4.1910/1950 on September 22, ahead of the Fed's tapering decision and possible Evergrande interest payment defaults. A Bank Islam economist expected the Fed to proceed with reducing its US$120 billion monthly asset purchases.
Expectations of Fed tapering strengthen the dollar against emerging-market currencies, which raises the cost of dollar-priced feed imports for Malaysia and the region.
malaymail.comSep 22, 2021Not 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.
