# Ringgit expected to face headwinds due to successive rate hikes by the US Federal Reserve - Manokaran | DagangNews - Berita Bisnes Anda

> 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.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42531-ringgit-expected-to-face-headwinds-due-to-successive-rate-hikes-by-the-us
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expected Fed tightening supports the dollar against the ringgit, which raises the ringgit cost of imported dollar-priced feed ingredients.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- dagangnews.com: https://www.dagangnews.com/article/ringgit-expected-face-headwinds-due-successive-rate-hikes-us-federal-reserve-manokaran-14205

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