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BMI Research, a Fitch Group unit, forecasts the ringgit will strengthen to 4.350 per US dollar by end-2017 and 4.200 by end-2018. It cites an undervalued exchange rate, an improving external position and a 4.1% yield on Malaysia's 10-year bonds, while expecting the Fed to hike once more in 2017.
A firmer ringgit lowers the USD/MYR rate, which can make Malaysian imports of feed inputs and palm oil feedstock cheaper in local terms. The effect on regional commodity prices is modest.
malaymail.comMar 29, 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.
