# Rakuten holds ringgit projection at RM3.90

> Rakuten Trade maintains its forecast that the ringgit will strengthen toward RM3.90 per US dollar this year, citing Chinese fund inflows and easing US-China trade tensions. Analyst Kenny Yee said the ringgit tracks the yuan closely.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59837-rakuten-holds-ringgit-projection-at-rm3-90
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer ringgit and yuan would signal somewhat weaker dollar pressure on Asian import costs, but the forecast is a currency view with little direct effect on feed prices.

## Read by commodity

- USDCNY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-01 | [Malaysian ringgit hits more than 3-year high on China stimulus, leads Asian FX rally](https://feedsoft.ai/events/28590-malaysian-ringgit-hits-more-than-3-year-high-on-china-stimulus-leads-asian-fx.md) | -0.0% | +1.6% |
| USDCNY | 2017-05-26 | [Ringgit jumps on Opec, yuan at three-month high, other Asian currencies drift \| Malay Mail](https://feedsoft.ai/events/71274-ringgit-jumps-on-opec-yuan-at-three-month-high-other-asian-currencies-drift.md) | -0.9% | -0.5% |
| USDCNY | 2026-07-31 | [Offshore Yuan Holds at Strongest Level Since 2023](https://feedsoft.ai/events/18573-offshore-yuan-holds-at-strongest-level-since-2023.md) | -0.1% | -0.5% |
| USDCNY | 2026-03-13 | [Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize](https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize.md) | +0.4% | -0.5% |
| USDCNY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.8% | +2.0% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/04/30/rakuten-holds-ringgit-projection-at-rm3-90/

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