# Ringgit's outlook dimmed by trade disputes | Malaysiakini

> Fitch Solutions raised its 2019 average forecast for the ringgit to RM4.15 per dollar from RM4.05 and kept its 2020 forecast at RM4.25. The firm cited the US-China trade war escalation in May and warned that risks remain tilted to the downside for emerging-market currencies.

- Date: 2019-06-27 · published 2019-06-27T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58859-ringgit-s-outlook-dimmed-by-trade-disputes-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weaker ringgit on prolonged US-China trade disputes signals sustained pressure on Malaysian import demand and palm oil margins, though feed-grain price impact is limited.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-08 | [Malaysian palm oil price eases on trade war worries, ringgit strength \| The Star](https://feedsoft.ai/events/6730-malaysian-palm-oil-price-eases-on-trade-war-worries-ringgit-strength-the-star.md) | -1.3% | +0.2% |
| PALMOIL | 2021-05-28 | [Malaysia to escalate EU palm oil dispute at WTO \| Malay Mail](https://feedsoft.ai/events/46981-malaysia-to-escalate-eu-palm-oil-dispute-at-wto-malay-mail.md) | -1.7% | -12.4% |
| PALMOIL | 2020-04-21 | [Muted Ramadan, Hari Raya amid pandemic slam seasonal rise in palm oil demand \| Malaysiakini](https://feedsoft.ai/events/53741-muted-ramadan-hari-raya-amid-pandemic-slam-seasonal-rise-in-palm-oil-demand.md) | -2.8% | -7.7% |
| PALMOIL | 2019-03-16 | [M'sia threatens WTO challenge to EU's move to drop palm biofuel \| Malaysiakini](https://feedsoft.ai/events/59957-m-sia-threatens-wto-challenge-to-eu-s-move-to-drop-palm-biofuel-malaysiakini.md) | +2.3% | +2.9% |
| PALMOIL | 2020-02-14 | [India's curbs on Malaysian palm imports stir up edible oil trade](https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade.md) | -0.5% | -15.3% |

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/481439

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