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Neuberger Berman and Nikko Asset Management say Malaysian assets are returning to global funds' attention after the November 2016 curbs on offshore ringgit forwards. Analysts have raised ringgit forecasts for three straight months, now seeing 4.46 per dollar by mid-year.
The ringgit was at 4.43 on 12 April.
Improving capital flows and a better current account, helped by higher commodity prices, support the ringgit. This is a modest backdrop for Malaysian export commodities such as palm oil.
freemalaysiatoday.comBloombergApr 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.
