# Ringgit on track to hit RM4.20 by year-end - The Malaysian Reserve

> Oanda's Stephen Innes forecasts the ringgit will reach RM4.20 per US dollar by year-end, with upside resistance at 4.30. The ringgit has moved to test the 4.20 level, which marks its strongest point since the post-US-election gap in November 2016.

- Date: 2017-09-07 · published 2017-09-07T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69219-ringgit-on-track-to-hit-rm4-20-by-year-end-the-malaysian-reserve
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit, supported by carry trade flows, reduces the local cost of dollar-priced commodities. It is a currency-only story with limited effect on feed prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/09/08/ringgit-track-hit-rm4-20-year-end/

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