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An economist at the Employees Provident Fund says the 1MDB issue had only a short-lived effect on the ringgit. He estimates the currency is undervalued by about 5-7%, with the ringgit's moves driven largely by the US dollar and foreign investor sentiment toward Bank Negara Malaysia.
Currency moves driven mainly by the dollar mean ringgit-denominated feed costs follow US dollar strength more than domestic events. Price impact on feed commodities is limited.
freemalaysiatoday.comKhairil AshrafOct 31, 2017Not 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.
