Loading…
Scotiabank expects the ringgit to keep depreciating, closing 2017 at 4.48 per dollar. The currency has fallen more than 5 percent since the US presidential election amid an emerging-markets selloff.
The bank cited Malaysia's sensitivity to foreign risk appetite and its sizeable short-term external debt.
A forecast of continued ringgit weakness signals sustained upward pressure on USD/MYR and higher local costs for dollar-priced feed ingredients.
econotimes.comFxWirePro TeamDec 14, 2016Not 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.
