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RHB Investment Bank expects the ringgit to trade between 4.70 and 4.90 per dollar in the second half of 2023 as it underperforms regional peers. It revised its third-quarter forecast to 4.65-4.75 and flagged policy changes by Bank Negara as a possible support.
A forecast of continued ringgit weakness would keep Malaysian import costs for feed inputs elevated. The note is a bank forecast rather than a new supply or demand event.
theedgemalaysia.comJun 23, 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.
