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Malaysian Prime Minister Mahathir Mohamad said the ringgit's fair value is 3.8 per US dollar, about 5% stronger than its current level. He blamed the currency's weakness on global emerging-market stress, Fed tightening and US-China trade worries.
Official comments on a much stronger fair value signal possible policy attention to the ringgit, but the currency remains weak and raises feed import costs for now.
businesstimes.com.sgJun 21, 2018Not 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.
