# StanChart says dollar pressure on ringgit to ease but RHB thinks more stress will come

> 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.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35324-stanchart-says-dollar-pressure-on-ringgit-to-ease-but-rhb-thinks-more-stress
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: neutral

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/674755

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