# Pakar: Isu 1MDB beri kesan pendek, sementara pada ringgit | FMT

> An economist at the Employees Provident Fund says the 1MDB issue had only a short-lived effect on the ringgit. He estimates the currency is undervalued by about 5-7%, with the ringgit's moves driven largely by the US dollar and foreign investor sentiment toward Bank Negara Malaysia.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68737-pakar-isu-1mdb-beri-kesan-pendek-sementara-pada-ringgit-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves driven mainly by the dollar mean ringgit-denominated feed costs follow US dollar strength more than domestic events. Price impact on feed commodities is limited.

## Read by commodity

- USDMYR: neutral

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/bahasa/2017/10/31/pakar-isu-1mdb-beri-kesan-pendek-sementara-pada-ringgit

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