# Budget 2020 main driver to ringgit performance in coming week | Borneo Post Online

> The finance ministry's Budget 2020 is due to be tabled the following Friday and is expected to drive ringgit moves in the coming week. Analysts will look for fiscal stimulus to offset external headwinds and for the government's fiscal deficit projection. The ringgit was seen testing the 4.20 resistance level, with support near 4.16.

- Date: 2019-10-05 · published 2019-10-05T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56835-budget-2020-main-driver-to-ringgit-performance-in-coming-week-borneo-post-online
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Fiscal stimulus aimed at domestic demand could support Malaysian feed and meat consumption, while currency moves affect the local cost of imported feed.

## Read by commodity

- USDMYR: neutral

## Sources

- theborneopost.com: https://www.theborneopost.com/2019/10/05/budget-2020-main-driver-to-ringgit-performance-in-coming-week/

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