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Bank Negara Malaysia said it does not intervene to manage the ringgit and that the exchange rate is market-determined. The statement responded to the US Treasury adding Malaysia to its currency monitoring list, which the Treasury said met no manipulation criteria but warranted close attention.
Currency-watch scrutiny adds pressure on the ringgit and creates uncertainty for Malaysian import costs, though no direct penalties apply.
malaymail.comSYED JAYMAL ZAHIIDMay 29, 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.
