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Bank Negara Malaysia Governor said curbs on ringgit non-deliverable forwards imposed in November 2016 had worked better than expected. He also acknowledged the need for a deeper onshore hedging market.
Tighter control of offshore ringgit trading affects the currency's volatility and foreign-exchange costs for Malaysian palm oil exporters. The effect on feed prices is indirect.
centralbanking.comBlake Evans-PritchardJul 17, 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.
