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Malaysia's second-quarter GDP contracted 17.1%, its first double-digit contraction since 1998, after a national lockdown. The ringgit closed weaker against the dollar at about 4.19 as traders adopted a defensive stance ahead of US-China trade talks.
Weaker domestic demand and a softer ringgit raise the dollar cost of imported feed inputs for Malaysian buyers, while a weak economy may encourage further rate cuts.
malaymail.comAug 14, 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.
