Loading…
Malaysia's central bank said the ringgit will not face extreme volatility because it operates under a managed float that targets fair value against a currency basket. The ringgit had been under pressure all week after the collapse of the Pakatan Harapan-led government, which was partly stabilised by Bank Negara's assurances.
Central bank management limits the risk of sharp ringgit swings, so USD/MYR is expected to stay in a contained range. This means little direct price pressure on feed inputs.
malaymail.comFeb 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.
