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AmBank Research says the ringgit has appreciated 6.3% against the US dollar year to date and sees room for further gains on macro fundamentals. It projects USD/MYR averaging about 4.33 in 2017 with a year-end target of 4.15-4.18, and expects the dollar to strengthen in 2018.
A stronger ringgit lowers the local cost of dollar-priced feed imports, but a firmer dollar in 2018 would raise them. Export-dependent Malaysian industries face margin pressure.
theborneopost.comOct 18, 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.
