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The ringgit rose about 0.4% against the dollar to 4.178 after Malaysia reported second-quarter GDP growth of 4.9%, above expectations. The central bank also announced further liberalisation of its foreign-exchange administration policy.
Stronger-than-expected growth and a firmer ringgit lower USD/MYR, modestly reducing the local cost of dollar-priced feed imports.
themalaysianreserve.comAug 19, 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.
