# Ringgit to further strengthen against greenback this year | Borneo Post Online

> Affin Hwang Asset Management forecasts the ringgit will strengthen to a fair value of 3.80 to 3.90 per dollar this year. The firm welcomed the government's pledge never to re-peg the currency, which it says reassures foreign investors.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/67252-ringgit-to-further-strengthen-against-greenback-this-year-borneo-post-online
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast of further ringgit gains points to continued dollar-selling pressure in Malaysia. A stronger ringgit makes Malaysian exports less competitive in dollar terms.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/01/25/ringgit-to-further-strengthen-against-greenback-this-year/

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