# USD/MYR likely to trade towards 4.50 in coming months, says Scotiabank | EconoTimes

> 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.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73235-usd-myr-likely-to-trade-towards-4-50-in-coming-months-says-scotiabank-econotimes
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/USD-MYR-likely-to-trade-towards-450-in-coming-months-says-Scotiabank-513952

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