# Fitch unit forecasts rising ringgit and falling risks as Najib in full control ahead of GE14 | Malay Mail

> 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.

- Date: 2017-09-26 · published 2017-09-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69216-fitch-unit-forecasts-rising-ringgit-and-falling-risks-as-najib-in-full-control
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2017/09/26/fitch-unit-forecasts-rising-ringgit-and-falling-risks-as-najib-in-full-cont/1473429

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