- Analytics
- News and Tools
- Market News
- USD/MYR to end the year 4.55 as Ringgit will recover modestly in Q4 – ANZ
USD/MYR to end the year 4.55 as Ringgit will recover modestly in Q4 – ANZ
The Malaysian Ringgit has been under increasing pressure over the past month. Economists at ANZ Bank analyze USD/MYR outlook.
A meaningful turnaround in China’s economic activity will be a strong driver for the Ringgit
The widening yield gap with the US and weakening domestic growth drivers have likely dragged down the Ringgit. However, the tourism recovery has been steady, with authorities targeting 16.1 million international tourist arrivals in 2023, which will support the MYR. At the same time, a meaningful turnaround in China’s economic activity, Malaysia’s largest trading partner, will also be a strong driver for the Ringgit.
We expect the MYR to recover modestly in Q4 and end the year at 4.55.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
