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Public Investment Bank revised its 2019 ringgit forecast to RM4.00 per US dollar from RM4.04 after the Fed put its planned rate hikes on hold. The bank also noted the Fed cut its 2019 growth and inflation forecasts.
A stronger ringgit outlook reduces the ringgit cost of dollar-priced feed imports, while a weaker US growth outlook signals a softer dollar path.
nst.com.myBernamaMar 22, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
