# Ringgit remains supported with higher China trade going into 2018 - The Malaysian Reserve

> The Malaysian Reserve reports that the ringgit is expected by Oanda's Stephen Innes to reach RM3.90 per USD in 2018, supported by strong growth, higher trade with China and Belt and Road initiatives. Risks include a stronger dollar triggering emerging-market capital outflows.

- Date: 2017-12-19 · published 2017-12-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/67747-ringgit-remains-supported-with-higher-china-trade-going-into-2018-the-malaysian
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast ringgit appreciation would make ringgit-denominated palm oil more expensive in dollar terms, a modest bearish factor for palm oil demand competitiveness.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-30 | [Continued non-resident inflow leads to Ringgit's appreciation: BNM - The Malaysian Reserve](https://feedsoft.ai/events/70758-continued-non-resident-inflow-leads-to-ringgit-s-appreciation-bnm-the-malaysian.md) | +2.7% | +4.0% |
| PALMOIL | 2020-10-28 | [EMERGING MARKETS-Malaysian shares slip on political woes as trade data supports ringgit](https://feedsoft.ai/events/50890-emerging-markets-malaysian-shares-slip-on-political-woes-as-trade-data-supports.md) | +3.6% | +12.6% |
| PALMOIL | 2024-08-31 | [Ringgit set to gain further against US dollar with support from economic data and Fed moves \| Malay Mail](https://feedsoft.ai/events/29071-ringgit-set-to-gain-further-against-us-dollar-with-support-from-economic-data.md) | +3.9% | +7.1% |
| PALMOIL | 2022-11-30 | [Ringgit ends higher against US dollar on positive China sentiment \| Malay Mail](https://feedsoft.ai/events/38930-ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment-malay-mail.md) | +3.7% | -0.4% |
| PALMOIL | 2024-09-30 | [Malaysia ringgit gains most among Asian FX, Chinese stocks soar - Markets - Business Recorder](https://feedsoft.ai/events/28585-malaysia-ringgit-gains-most-among-asian-fx-chinese-stocks-soar-markets-business.md) | +9.1% | +9.7% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/12/20/ringgit-remains-supported-higher-china-trade-going-2018/

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