# ‘Current ringgit levels reflect strong fundamentals’ | Malaysiakini

> 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.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71276-current-ringgit-levels-reflect-strong-fundamentals-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: neutral

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/383512

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.