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MIDF Research forecasts the ringgit will average RM4.38 per dollar in 2024, stronger than its 2023 average forecast of RM4.55, and will reach RM4.20 by the end of 2024. The forecast assumes Fed rate cuts will weaken the dollar broadly and pull fund flows back into emerging markets.
An expected weaker dollar would support dollar-priced commodities and make imports cheaper for Malaysian buyers, but this is an analyst forecast rather than a confirmed policy change.
theedgemalaysia.comDec 7, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
