# Budget 2022 to boost ringgit but tapering risk remains

> Malaysia's Budget 2022 is expected to be expansionary and to support the ringgit through a positive fiscal impulse. The ringgit strengthened against the US dollar to RM4.139 last week from RM4.148 the week before. Analysts cited firm crude oil and crude palm oil prices, with CPO having hit a record RM5,220 a tonne in September.

- Date: 2021-10-31 · published 2021-10-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44830-budget-2022-to-boost-ringgit-but-tapering-risk-remains
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit lowers the local-currency cost of Malaysian palm oil and related imports, while firm palm oil prices support Malaysian export receipts. Palm oil supply tightness continues to underpin edible oil and meal costs for feed buyers.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2021/11/01/budget-2022-to-boost-ringgit-but-tapering-risk-remains/

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