# Fitch Solutions lowers forecasts for ringgit

> Fitch Solutions cut its 2021 ringgit-dollar average forecast to RM4.15 from RM4.05 and its 2022 forecast to RM4.10. It also lowered its 2021 Malaysian GDP forecast to 4.9% from 11.2% due to the third Covid-19 wave.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48391-fitch-solutions-lowers-forecasts-for-ringgit
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast of a weaker ringgit and slower growth points to higher USD-based costs for Malaysian feed and oilseed buyers and softer local demand.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- thesun.my: https://thesun.my/business/fitch-solutions-lowers-forecasts-for-ringgit-ld7410850/

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