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An analyst expects the ringgit to face headwinds this year from successive US Federal Reserve rate hikes, with the Fed's funds rate seen reaching 1.75% to 2.00% by end-2022. The ringgit closed at RM4.2075 per dollar and is forecast to trade between RM4.18 and RM4.23 in the coming week, with a downward bias.
Expected Fed tightening supports the dollar against the ringgit, which raises the ringgit cost of imported dollar-priced feed ingredients.
dagangnews.comMar 28, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
