# Ringgit to pick up in second half of this year | The Star

> Thomas Mielke of Oil World expects the ringgit to recover moderately in the second half of 2017 as the local economy improves. He said a likely Fed rate increase would also support the currency.

- Date: 2017-03-07 · published 2017-03-07T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/72267-ringgit-to-pick-up-in-second-half-of-this-year-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit lowers the ringgit cost of dollar-priced palm oil and feed imports, which can ease Malaysian buyers' costs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thestar.com.my: http://www.thestar.com.my/business/business-news/2017/03/08/ringgit-to-pick-up-in-second-half-of-this-year/

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