# Ringgit to edge higher against dollar in coming months, says economist | Borneo Post Online

> OCBC Bank forecasts the ringgit will settle at 4.1641 per dollar by year-end and expects it to edge higher in coming months alongside Asian currencies. OCBC said the US-China trade war is still in an escalation phase, widening beyond tariffs into specific industries.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58860-ringgit-to-edge-higher-against-dollar-in-coming-months-says-economist-borneo
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Persistent trade escalation weighs on Asian currencies and Malaysian trade with China, which can dampen regional demand for palm oil and other commodities.

## Read by commodity

- USDMYR: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-04-12 | [China edible oil price slump to hit palm oil imports \| Borneo Post Online](https://feedsoft.ai/events/71601-china-edible-oil-price-slump-to-hit-palm-oil-imports-borneo-post-online.md) | -2.5% | +1.6% |
| PALMOIL | 2020-03-04 | [Weaker demand expected for FGV in short to medium term period \| Borneo Post Online](https://feedsoft.ai/events/5816-weaker-demand-expected-for-fgv-in-short-to-medium-term-period-borneo-post-online.md) | -0.9% | -3.4% |
| PALMOIL | 2020-04-15 | [Plantation experts concerned over May exports \| Borneo Post Online](https://feedsoft.ai/events/53508-plantation-experts-concerned-over-may-exports-borneo-post-online.md) | -3.4% | -12.0% |
| PALMOIL | 2019-06-07 | [Trade war, France ban still key worries of CPO \| Borneo Post Online](https://feedsoft.ai/events/58694-trade-war-france-ban-still-key-worries-of-cpo-borneo-post-online.md) | -1.9% | -3.6% |
| PALMOIL | 2018-04-28 | [Crude Palm Oil Weekly Report – April 28, 2018 \| Borneo Post Online](https://feedsoft.ai/events/6615-crude-palm-oil-weekly-report-april-28-2018-borneo-post-online.md) | -4.5% | -1.8% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2019/06/21/ringgit-to-edge-higher-against-dollar-in-coming-months-says-economist/

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