# Ringgit likely to trade in tight range — analyst

> Bank Muamalat's chief economist expects the ringgit to trade between 4.63 and 4.65 per US dollar next week (Aug 28 to Sept 1). The analyst said investors will watch Fed chair Powell's Jackson Hole speech for guidance on US policy.

- Date: 2023-08-27 · published 2023-08-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34846-ringgit-likely-to-trade-in-tight-range-analyst
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stable ringgit range implies little change in Malaysian import costs for palm oil processors and feed buyers, while Fed signals drive the broader dollar.

## Read by commodity

- USDMYR: neutral

## Sources

- nst.com.my: https://www.nst.com.my/business/2023/08/947917/ringgit-likely-trade-tight-range%C2%A0%E2%80%94-analyst

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