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Bank Negara Malaysia's governor said the ringgit's current level reflects the country's fundamentals, citing first-quarter GDP growth of 5.6%. He added that the central bank will accumulate reserves to cushion any future outflows, with reserves at US$97.3 billion.
Officials signalling that the ringgit is at fair value suggests limited policy intervention, so currency-driven swings in Malaysian feed import costs are likely to be modest.
malaysiakini.comBernamaMay 25, 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.
