# Ringgit to drift on tight range as Fed’s move still uncertain

> The ringgit is expected to trade sideways in the near term as investors await the US Federal Reserve's interest rate signals. Economists at Bank Islam said a sooner-than-expected hike could weaken the ringgit, with a narrow expected range of RM4.14 to RM4.15 per US dollar.

- Date: 2021-06-27 · published 2021-06-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46861-ringgit-to-drift-on-tight-range-as-fed-s-move-still-uncertain
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer dollar against the ringgit raises the ringgit cost of dollar-priced feed ingredients imported into Malaysia, such as soybean meal and corn. Expectations of a sideways range limit near-term pressure.

## Read by commodity

- USDMYR: neutral

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2021/06/28/ringgit-to-drift-on-tight-range-as-feds-move-still-uncertain/

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