# Ringgit to continue seeing near-term pressure but long-term growth | Borneo Post Online

> The ringgit has slipped back above 4.00 per US dollar after briefly strengthening to around 3.86 in April. AmBank Research attributes the weakness to a stronger dollar on expected aggressive Fed hikes, emerging-market debt concerns and the US-China trade war.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64769-ringgit-to-continue-seeing-near-term-pressure-but-long-term-growth-borneo-post
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the cost of imported feed for Malaysian buyers, though analysts expect the currency to strengthen over the longer term.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/06/27/ringgit-to-continue-seeing-near-term-pressure-but-long-term-growth/

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