# Ringgit likely to trade upward against US dollar next week on Fed rate stance | Malay Mail

> An analyst expects the ringgit to trade with an upward bias against the US dollar next week, in a 4.4600-4.4800 range. The ringgit closed Friday at 4.4655/4675, and US second-quarter GDP contracted 0.6% annualised.

- Date: 2022-08-27 · published 2022-08-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40301-ringgit-likely-to-trade-upward-against-us-dollar-next-week-on-fed-rate-stance
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast of a stronger ringgit points to slightly lower dollar-based import costs for Malaysian buyers, though the outlook is a currency view with no direct grain or feed supply effect.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/08/27/ringgit-likely-to-trade-upward-against-us-dollar-next-week-on-fed-rate-stance/25021

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