# New Fed chair’s actions to influence ringgit’s movement - The Malaysian Reserve

> 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.

- Date: 2017-11-05 · published 2017-11-05T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68254-new-fed-chair-s-actions-to-influence-ringgit-s-movement-the-malaysian-reserve
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: neutral

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/11/06/new-fed-chairs-actions-influence-ringgits-movement/

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