# Public Investment revises ringgit's projection to RM4.00 against US Dollar in 2019

> 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.

- Date: 2019-03-22 · published 2019-03-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60366-public-investment-revises-ringgit-s-projection-to-rm4-00-against-us-dollar-in
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit outlook reduces the ringgit cost of dollar-priced feed imports, while a weaker US growth outlook signals a softer dollar path.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/03/471956/public-investment-revises-ringgits-projection-rm400-against-us-dollar-2019

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