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The ringgit is weakening as markets await Donald Trump's choice of the next Federal Reserve chair, which could shape the pace of US rate normalisation in 2018. Bank Islam Malaysia expects the ringgit to settle between RM4.10 and RM4.20 by year-end.
Foreign investors sold Malaysian equities for a net RM92.1 million in the latest week.
Ringgit weakness tied to US rate expectations raises the cost of imported feed ingredients priced in dollars for Malaysian buyers. Uncertainty over the Fed chair keeps the dollar firm against emerging-market currencies.
themalaysianreserve.comDayang NorazharOct 30, 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.
