# Standard Chartered has neutral view on MYR in 2019 | Malay Mail

> Standard Chartered's FX research head sees little catalyst for the ringgit to recover in 2019 and expects a neutral view. She cited weaker global demand, slowing China, and soft commodity prices such as crude palm oil and LNG.

- Date: 2019-01-22 · published 2019-01-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/61349-standard-chartered-has-neutral-view-on-myr-in-2019-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weak global demand and low palm oil prices keep Malaysia's export earnings and current account surplus subdued, limiting support for palm oil values.

## Read by commodity

- USDMYR: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-25 | [Crude palm oil futures hit 4-month low on uncertain market sentiment \| Malay Mail](https://feedsoft.ai/events/6573-crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment-malay-mail.md) | -13.3% | -15.6% |
| PALMOIL | 2018-08-17 | [Malaysia: A huge downside GDP miss in the second quarter \| articles \| ING THINK](https://feedsoft.ai/events/63777-malaysia-a-huge-downside-gdp-miss-in-the-second-quarter-articles-ing-think.md) | +0.1% | -0.3% |
| PALMOIL | 2018-12-24 | [MARC positive on Malaysia’s sovereign rating](https://feedsoft.ai/events/61802-marc-positive-on-malaysia-s-sovereign-rating.md) | -0.4% | +7.2% |
| PALMOIL | 2020-05-23 | [Sideways trading seen for the ringgit as trade tensions worsen \| Malay Mail](https://feedsoft.ai/events/53396-sideways-trading-seen-for-the-ringgit-as-trade-tensions-worsen-malay-mail.md) | +9.7% | +16.2% |
| PALMOIL | 2023-04-11 | [BCA - Three potholes on Main Street](https://feedsoft.ai/events/36721-bca-three-potholes-on-main-street.md) | -1.3% | -3.3% |

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2019/01/22/standard-chartered-has-neutral-view-on-myr-in-2019/1715314

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