# Ringgit likely to appreciate but to trade range-bound next week | Malay Mail

> An economist expects the ringgit to firm slightly but trade in a tight range around 4.40 per US dollar next week. The ringgit had closed the week at 4.4010/4045, roughly unchanged from the prior week. Key US data ahead includes May core PCE inflation and the S&P Case-Shiller house price index.

- Date: 2022-06-25 · published 2022-06-25T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/41231-ringgit-likely-to-appreciate-but-to-trade-range-bound-next-week-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A range-bound ringgit leaves Malaysian dollar costs for palm oil and other imported feed inputs broadly stable over the coming week. Forecasts of a Bank Negara rate rise could give modest support to the currency.

## Read by commodity

- USDMYR: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/06/25/ringgit-likely-to-appreciate-but-to-trade-range-bound-next-week/14145

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