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Aberdeen Standard Investments Malaysia's CEO said on Feb 26, 2020 that the ringgit is likely to weaken further. He cited political upheaval after Prime Minister Mahathir Mohamad's unexpected resignation and the spread of the coronavirus beyond China.
A weaker ringgit would lift USD/MYR and raise the local cost of imported feed inputs in Malaysia. The outlook is an analyst view rather than a confirmed move.
cnbc.comEustance HuangFeb 26, 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.
