# Ringgit likely to trade higher next week – Customs Today Newspaper

> Affin Hwang Investment Bank forecast the ringgit would trade higher next week, citing commodity price recovery and the Fed's unchanged rate stance. The analyst projected the currency would reach 3.95 per dollar by year-end from about 4.27.

- Date: 2017-07-29 · published 2017-07-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70233-ringgit-likely-to-trade-higher-next-week-customs-today-newspaper
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast ringgit rally would raise the local cost of Malaysian palm oil exports, which can support palm oil prices in ringgit terms. The forecast is analyst opinion with limited direct feed impact.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-04-30 | [Malaysian currency forcast to fall 7.3 pct post-election – Customs Today Newspaper](https://feedsoft.ai/events/65774-malaysian-currency-forcast-to-fall-7-3-pct-post-election-customs-today-newspaper.md) | -4.5% | -1.8% |
| PALMOIL | 2021-03-07 | [Ringgit likely to stay weak against Asean peers - Omni Capital Partners](https://feedsoft.ai/events/48393-ringgit-likely-to-stay-weak-against-asean-peers-omni-capital-partners.md) | +6.6% | -1.7% |
| PALMOIL | 2017-12-19 | [Ringgit remains supported with higher China trade going into 2018 - The Malaysian Reserve](https://feedsoft.ai/events/67747-ringgit-remains-supported-with-higher-china-trade-going-into-2018-the-malaysian.md) | -0.6% | +3.1% |
| PALMOIL | 2021-12-27 | [Bullish Streak In Ringgit To Continue This Week](https://feedsoft.ai/events/43869-bullish-streak-in-ringgit-to-continue-this-week.md) | +1.4% | +12.7% |
| PALMOIL | 2025-06-30 | [Ringgit closes higher against major currencies \| The Star](https://feedsoft.ai/events/24461-ringgit-closes-higher-against-major-currencies-the-star.md) | +2.5% | +5.5% |

## Sources

- customstoday.media: https://customstoday.media/ringgit-likely-to-trade-higher-next-week/

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