# HSBC sees ringgit recovering as domestic economy emerges from ‘double-dip’ recession

> HSBC believes the ringgit is undervalued and expects it to recover as the Malaysian domestic economy emerges from a double-dip recession. The bank's view points to a firmer currency over the coming period.

- Date: 2022-01-17 · published 2022-01-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/43400-hsbc-sees-ringgit-recovering-as-domestic-economy-emerges-from-double-dip
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit would raise the dollar value of Malaysian palm oil and make ringgit-priced imports cheaper, with modest implications for regional feed and vegetable oil prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/01/17/hsbc-sees-ringgit-recovering-as-domestic-economy-emerges-from-double-dip-re/2035625

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