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Standard Chartered expects pressure on the ringgit to ease over six to 12 months as the US dollar weakens, while RHB expects the ringgit to weaken further to 4.65-4.75 by the end of the third quarter. The two banks disagree on whether the recent drop in USD/MYR is a turning point.
The disagreement means the ringgit's direction is uncertain, which makes the cost of imported feed ingredients harder to forecast for Malaysian buyers. No clear direction for feed prices emerges.
theedgemalaysia.comJul 13, 2023Not enough comparable past events yet for a historical read.
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.
