# Pockets of chances exist in ringgit’s uptick this year | Borneo Post Online

> 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.

- Date: 2017-10-18 · published 2017-10-18T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68739-pockets-of-chances-exist-in-ringgit-s-uptick-this-year-borneo-post-online
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/10/19/pockets-of-chances-exist-in-ringgits-uptick-this-year/

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