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Malaysian Finance Minister Lim Guan Eng says the government will monitor the ringgit's performance and judge it annually rather than intervene now. The comments follow the currency's recent fall tied to FTSE Russell's possible bond index exclusion.
Without an intervention policy, the ringgit may keep following market flows, which affects Malaysian import costs and palm oil pricing in ringgit terms. The effect on feed prices is small.
theborneopost.comeditoronApr 23, 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.
