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Bank Negara Malaysia said the ringgit depreciated 1.5% in the second quarter of 2019, driven mainly by RM5.1 billion of non-resident portfolio outflows. The governor cited global trade tensions and potential FTSE Russell index reviews as factors weighing on sentiment.
Persistent foreign outflows keep USD/MYR elevated, raising the local currency cost of imported feed ingredients.
malaymail.comAug 16, 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.
