# RHB sees ringgit sliding to 4.90 in 2H2023 as it continues to underperform against regional peers

> 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.

- Date: 2023-06-23 · published 2023-06-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35772-rhb-sees-ringgit-sliding-to-4-90-in-2h2023-as-it-continues-to-underperform
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/672394

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