# Ringgit likely to trade around 4.78 versus greenback next week

> An analyst expects the ringgit to trade around 4.78 per US dollar next week. Attention is on Middle East tensions and the Fed's preferred PCE inflation gauge.

- Date: 2024-04-21 · published 2024-04-21T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31017-ringgit-likely-to-trade-around-4-78-versus-greenback-next-week
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The outlook is for a stable currency, so there is no clear new driver for palm oil or feed input costs. Escalation in the Middle East would strengthen the dollar.

## Sources

- revamp.nst.com.my: https://revamp.nst.com.my/business/economy/2024/04/1040645/ringgit-likely-trade-around-478-versus-greenback-next-week

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