Loading…
The ringgit's direction will depend on US monetary policy, including the new Fed chair nominated by Donald Trump. The ringgit has gained about 5.6% against the dollar this year, helped by Brent crude rising to around US$60 a barrel.
Analysts expect the ringgit to settle between RM4.10 and RM4.20 by year-end.
Expected US rate moves and crude prices drive the ringgit, which sets the local cost of dollar-priced Malaysian palm oil and feed inputs. The ringgit outlook is a macro signal with limited direct grain impact.
themalaysianreserve.comDzulNov 5, 2017Not 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.
