# Ringgit on a roll, but traders may cash in next week | Malay Mail

> Kenanga Investment Bank expects the ringgit to take profits after a six-day rally that left it at 4.0365/0405 against the dollar. The bank sees a likely range of 4.04 to 4.06 and says a break above 4.06 would require escalation involving Iran.

- Date: 2026-08-22 · published 2026-08-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/18161-ringgit-on-a-roll-but-traders-may-cash-in-next-week-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The forecast points to a small reversal in the ringgit, which would slightly raise the USD cost of Malaysian palm oil. The impact on feed ingredient prices is minor and depends on Fed guidance at Jackson Hole.

## Read by commodity

- USDMYR: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/08/22/ringgit-on-a-roll-but-traders-may-cash-in-next-week/232273

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