# Ringgit to strengthen against the US dollar in the long term, says StanChart | FMT

> Standard Chartered said the ringgit should strengthen over the long term, helped by improved terms of trade and China's potential reopening. It attributed the recent weakness to a narrowing US-Malaysia 10-year yield spread as the Fed tightens.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40757-ringgit-to-strengthen-against-the-us-dollar-in-the-long-term-says-stanchart-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The outlook suggests a firmer ringgit later, which would ease Malaysian import costs for feed ingredients, but near-term dollar strength from Fed tightening keeps pressure on local feed costs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/local-business/2022/07/13/ringgit-to-strengthen-against-the-us-dollar-in-the-longer-term-says-stanchart

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