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ING raised its end-2018 USD/MYR forecast to 4.05 from 3.84, citing lingering political and economic uncertainty after the election. The ringgit has already lost 2.2% against the dollar since early April.
ING expects USD/MYR to breach 4.00 within three months.
The revised forecast points to continued ringgit weakness through 2018, which lifts USD/MYR and raises the local-currency cost of imported feed-related goods.
think.ing.comMay 10, 2018Not enough comparable past events yet for a historical read.
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.
