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A Sunway University economist says the ringgit could reach RM4.00 to the US dollar by December, after it touched RM4.19 in early September. AmBank Research expects an intraday high of RM4.12 to 4.15 at year-end.
Both forecasts cite strong trade and GDP growth.
Expectations for a firmer ringgit lower the local cost of dollar-priced feed ingredients for Malaysian buyers. The effect on global feed prices is small.
freemalaysiatoday.comFMT ReportersSep 13, 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.
