# Malaysian ringgit likely to continue depreciating until end-2017, says Scotiabank | EconoTimes

> 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.

- Date: 2016-12-14 · published 2016-12-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73731-malaysian-ringgit-likely-to-continue-depreciating-until-end-2017-says
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast of continued ringgit weakness signals sustained upward pressure on USD/MYR and higher local costs for dollar-priced feed ingredients.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/Malaysian-ringgit-likely-to-continue-depreciating-until-end-2017-says-Scotiabank-449265

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