# Malaysia ringgit (MYR) to weaken amid political chaos, coronavirus: Aberdeen

> Aberdeen Standard Investments Malaysia's CEO said on Feb 26, 2020 that the ringgit is likely to weaken further. He cited political upheaval after Prime Minister Mahathir Mohamad's unexpected resignation and the spread of the coronavirus beyond China.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54840-malaysia-ringgit-myr-to-weaken-amid-political-chaos-coronavirus-aberdeen
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit would lift USD/MYR and raise the local cost of imported feed inputs in Malaysia. The outlook is an analyst view rather than a confirmed move.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2020/02/26/malaysia-ringgit-myr-to-weaken-amid-political-chaos-coronavirus-aberdeen.html

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