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Malaysia's finance minister said the country was placed only on a US Treasury watchlist for currency manipulation, not labelled a manipulator. He noted Malaysia meets two of the three criteria, and does not meet the net foreign currency purchase test.
The government intends to stay on the watchlist and seek an exit without letting the ringgit weaken sharply.
The status limits the near-term risk of US action on the ringgit, which keeps Malaysian import costs for dollar-priced feed inputs more stable.
theborneopost.comOct 31, 2019Not 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.
