# The State of the Nation: Ringgit undervalued but likely to remain so pending clarity on Fed terminal rate

> Analysts say the ringgit remains undervalued and is likely to stay so until the US Federal Reserve's terminal rate is clear. The Fed was expected to deliver its ninth consecutive hike on March 22, taking the fed funds range to 4.75%-5%. Bank Negara was seen holding its policy rate at 2.75%.

- Date: 2023-03-27 · published 2023-03-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37151-the-state-of-the-nation-ringgit-undervalued-but-likely-to-remain-so-pending
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A persistently weak ringgit makes dollar-priced feed imports dearer for Malaysian buyers, while the rate-differential outlook depends on Fed policy.

## Read by commodity

- USDMYR: neutral

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/659884

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