# Threat to ringgit’s resilience | The Star

> Morgan Stanley forecasts the ringgit will weaken by year-end after being sheltered from last month's emerging-market selloff by higher oil prices. The currency may now catch up on lost ground as those supports fade.

- Date: 2018-07-08 · published 2018-07-08T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64300-threat-to-ringgit-s-resilience-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit would raise the local cost of imported feed ingredients, while oil price support has been the main offset.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/07/09/threat-to-ringgits-resilience/

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