# Fitch unit says ringgit will improve against greenback by year end | Malay Mail

> 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.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/72262-fitch-unit-says-ringgit-will-improve-against-greenback-by-year-end-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2017/03/29/fitch-unit-says-ringgit-will-improve-against-greenback-by-year-end/1345255

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