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Standard Chartered's chief economist Edward Lee forecasts the ringgit will reach 3.70 to 3.75 per US dollar in the second half of 2018, citing solid Malaysian fundamentals. He said the dollar is still overvalued and Malaysia could gain from a US-China trade war by supplying goods the US needs.
A stronger ringgit lowers the local cost of dollar-priced imports, while the forecast suggests Malaysian export goods may see firmer currency-driven pricing support later in the year.
freemalaysiatoday.comBernamaMar 30, 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.
