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Scotiabank expects the USD/MYR pair to trade toward 4.50 in coming months as downward pressure on the ringgit returns. The bank cites high foreign ownership of local government bonds, shrinking foreign reserves and a narrowing current account surplus.
A weaker ringgit raises the local cost of imported feed ingredients priced in dollars and is a currency factor for Malaysian palm oil and feed buyers.
econotimes.comFxWirePro TeamJan 31, 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.
