# Malaysia to examine ringgit's fall as import costs sting: Mahathir - Profit by Pakistan Today

> Prime Minister Mahathir said the government will address the ringgit's depreciation, which has taken it from about 3.80 to 4.20 per US dollar and raised import costs. Malaysia's economy also grew at its weakest pace in a year in the third quarter.

- Date: 2019-11-30 · published 2019-11-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56341-malaysia-to-examine-ringgit-s-fall-as-import-costs-sting-mahathir-profit-by
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the local cost of dollar-priced feed imports, which pressures Malaysian feed buyers.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- profit.pakistantoday.com.pk: https://profit.pakistantoday.com.pk/2019/11/30/malaysia-to-examine-ringgits-fall-as-import-costs-sting-mahathir

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