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ANZ economists forecast USD/MYR will fall to 4.05 by the end of 2021, arguing the ringgit is significantly undervalued. They cite a solid current account surplus and expected portfolio inflows as the vaccine rollout progresses, while acknowledging near-term volatility from US monetary policy.
A forecast ringgit appreciation would lower the local-currency cost of imported dollar-priced feed ingredients, though it is only a forecast from one bank.
octaafrica.netJun 23, 2021Not 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.
