# Malaysian ringgit to rally to eight-month high, top banker says - The Business Times

> Bank Negara Malaysia policy-committee member Lee Kok Kwan said the ringgit could rally about 4 percent to 4.1 per dollar in the second half of 2017. He cited improved GDP and exports and lower offshore speculative short positions.

- Date: 2017-06-07 · published 2017-06-07T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70761-malaysian-ringgit-to-rally-to-eight-month-high-top-banker-says-the-business
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A stronger ringgit would raise the dollar cost of Malaysian palm oil and could lift palm prices in dollar terms. The forecast is an analyst view and carries limited market weight.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-04-21 | [Ringgit soars to nearly six-month high due to weak sentiments over US assets \| The Star](https://feedsoft.ai/events/25386-ringgit-soars-to-nearly-six-month-high-due-to-weak-sentiments-over-us-assets.md) | +0.3% | -3.8% |
| PALMOIL | 2018-02-28 | [Palm oil rises to seven-week top on weaker ringgit \| The Star](https://feedsoft.ai/events/10366-palm-oil-rises-to-seven-week-top-on-weaker-ringgit-the-star.md) | -0.9% | -2.6% |
| PALMOIL | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | +6.6% | -1.7% |
| PALMOIL | 2023-04-03 | [Palm posts biggest jump in two months after crude oil rally - Markets - Business Recorder](https://feedsoft.ai/events/36512-palm-posts-biggest-jump-in-two-months-after-crude-oil-rally-markets-business.md) | -2.6% | -15.2% |
| PALMOIL | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | -0.2% | +0.0% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/malaysian-ringgit-rally-eight-month-high-top-banker-says

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