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BMI Research, the Fitch Group unit, forecasts the ringgit will strengthen to 4.15 per US dollar next year, having risen 9.3% year-on-year since January. It cites a multi-year low in Malaysia's CDS spreads and says the government remains committed to fiscal consolidation ahead of the 14th general election.
A firmer ringgit lowers the local cost of dollar-priced imports such as feed ingredients and soymeal, while lower sovereign risk supports foreign inflows. The effect on global feed prices is small.
beta.malaymail.comSep 26, 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.
