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Analysts expect the ringgit to come under pressure as the Federal Reserve is set to raise rates at its September meeting. Bank Islam's chief economist cited US inflation above target and strong GDP growth, along with trade tensions between the US and China.
Expected Fed tightening and US-China trade friction point to a firmer dollar, which raises import costs for Malaysian feed and fuel buyers.
nst.com.myNABIL BASARUDDINSep 18, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
