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Bank Negara Malaysia said domestic financial markets were hit by both domestic and external factors in May. The FBM KLCI fell 1.1 per cent and the ringgit depreciated 0.8 per cent against the US dollar, as stricter Covid-19 containment measures and rising US Treasury yields weighed on sentiment.
The ringgit depreciation raised the local cost of dollar-priced feed imports in May, and the central bank's cautious outlook suggests the currency may stay under some pressure.
malaymail.comJun 30, 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.
