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Bank Negara Malaysia said the ringgit appreciated 2.9% against the US dollar in Q3 2020 on non-resident portfolio inflows. The central bank added that the ringgit had gained a further 0.6% since end-September as of November 12.
The central bank's statement confirms a sustained ringgit appreciation driven by capital inflows, which modestly lowers ringgit costs for Malaysian importers of feed inputs.
beta.malaymail.comNov 13, 2020Not 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.
