# Ringgit Expected To Depreciate Further In Anticipation Of US Data : Kenanga

> The ringgit weakened near 4.68 per US dollar as the dollar index rose above 103 on strong US data and a hawkish Fed. Kenanga expects further ringgit depreciation toward 4.69 ahead of the US core PCE release.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35770-ringgit-expected-to-depreciate-further-in-anticipation-of-us-data-kenanga
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the cost of imported feed inputs in Malaysia, and dollar strength tends to pressure dollar-denominated grain and oilseed prices. The move is routine currency commentary with no new supply or demand shock.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2023/06/30/ringgit-expected-to-depreciate-further-in-anticipation-of-us-data-kenanga/

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