# Ringgit weakness caused by uncertainty as Trump mulls Fed chair - The Malaysian Reserve

> 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.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68734-ringgit-weakness-caused-by-uncertainty-as-trump-mulls-fed-chair-the-malaysian
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/10/31/ringgit-weakness-caused-uncertainty-trump-mulls-fed-chair/

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