Malaysia forex forecast

Malaysia forex forecast. Actual USD to MYR exchange rate and USD to MYR forecast for tomorrow, this week and month. US Dollar to Malaysian Ringgit currency converter. Daily forecast for USD to MYR in tables.

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Malaysia forex forecast. The Malaysian Ringgit is expected to trade at by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at in 12 months time. The USDMYR spot exchange rate specifies how much one currency, the USD, is currently worth in.

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Exchange Rate in Malaysia.

Malaysia - Exchange Rate.

Ringgit falls to lowest level in over a decade.

On 11 November, the ringgit traded in offshore markets dropped to its lowest level in in over a decade, following Donald Trump’s victory in the U. S. presidential elections. According to Thomson Reuters data, the ringgit’s one-month non-deliverable forwards lost 3.7% from the previous close to 4.54 MYR per USD, which was the weakest since September 2004. The sudden plunge was triggered by a large sell-off of emerging market government debt, as investors expect higher interest rates and reduced imports from Asia under Trump’s presidency. While Malaysia’s economic fundamentals remain solid—GDP accelerated to 4.3% in Q3—Trump’s proposed protectionist policies would affect investor sentiment in Asia’s export-led economies. Meanwhile, on the same day, the ringgit’s spot price settled at 4.29 MYR per USD, which weakened to a level last seen at the beginning of this year.

FocusEconomics Consensus Forecast panelists expect the ringgit to trade at 4.12 per USD at the end of this year. For 2017, the panel projects the ringgit to trade at 4.10 per USD.

Malaysia - Exchange Rate Data.

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Economic News.

Malaysia: Industrial production growth slows in October.

December 12, 2017.

Industrial production expanded 3.4% year-on-year in October, moderating from September’s 4.7% growth and coming in below market expectations of a 3.8% increase.

Malaysia: Export growth picks up pace in October.

December 7, 2017.

In October, exports grew 18.3% year-on-year, picking up from September’s 13.3% expansion and again achieving double-digit annual growth.

Malaysia: Inflation moderates in October.

November 24, 2017.

According to the Statistical Institute, consumer prices decreased 0.2% in October from the previous month, following a 0.3% month-on-month rise in September.

Malaysia: BNM stands pat in November, but tone turns more hawkish.

November 9, 2017.

On 9 November, Bank Negara Malaysia (BNM) decided to keep the Overnight Policy Rate unchanged at 3.00%, as widely expected by market analysts.

Malaysia: Industrial production growth moderates in September.

November 9, 2017.

Industrial production grew 4.7% year-on-year in September, moderating from August’s robust 6.8% expansion and below market expectations of a 6.2% increase.

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Forex Forecast Polls.

Besides the regular weekly Forecast Poll , we have published a special yearly 2017 edition. Based on our experts' sentiment for the 3-month, 6-month and 1-year timeframes, this is a longer-term poll that pictures the market sentiment on the long run. You can check it by clicking here or scrolling down on this same page.

The Forex Forecast is a currency sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00 GMT price. The #FXpoll is not to be taken as signal or as final target, but as an exchange rates heat map of where sentiment and expectations are going.

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WHAT IS THE FOREX FORECAST POLL?

The Forex Forecast Poll is a sentiment tool that highlights near - and medium-term price expectations from leading market experts.

Unique sentiment indicator with a 5-year history For 10 currency pairs (EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, NZDUSD, USDCAD, GBPJPY, EURJPY, EURGBP) Survey conducted every Friday and published at 15:00 GMT Serves all time horizons : 1 week, 1 month, 1 quarter - includes an average price for each time horizon Followed by traders, market commentators as well as academics.

The #FXpoll is not to be taken as signal or as final target, but as an exchange rates heat map of where sentiment and expectations are going.

HOW TO READ THE GRAPHS?

Besides the table with all participants’ individual prediction, a graphic representation aggregates and visualizes the data: the Bullish/Bearish/Sideways line shows the percentage of our contributors on each of these outlook biases.

This graph is available for each time horizon (1 week, 1 month, 1 quarter). We also indicate the average price forecast as well as the average bias.

WHY SHOULD I USE IT?

Our unique Forex Forecast poll offers you:

A sentiment indicator which delivers actionable price levels, not merely “mood” or “positioning” indications. Traders can check if there is unanimity among the surveyed experts - if there is excessive speculator sentiment driving a market - or if there are divergences among them. When sentiment is not at extremes, traders get actionable price targets to trade upon. When there is deviation between actual market rate and value reflected in forecasted rate, there is usually an opportunity to enter the market. No lag in the data : Contrary to other indicators, there is no delay. A very useful tool to combine with other types of analysis of technical nature or based on fundamental macro data, like trading positions, rates table or live chart. Significant sentiment data , based on a representative sample of 25 to 50 leading trading advisors for 5 years. Do not follow a single guru but rather a balanced group of well chosen experts. The Forex Forecast Poll offers a condensed version of several expert's opinions. Only outlooks are considered that have been committed to publication and therefore have an influence on the market. A tool for Contrarian thinking : People instinctively follow the impulses of the crowd. Sentiment indicators, in turn, lead to “contrarian” thinking. You can read sentiment extremes and avoid being one of the herd. Contrast own opinions and price outlook with a group of leading trading advisors and money managers. A tool to build strategies upon prediction data : Find patterns data for instance if a trend is gaining or losing energy.

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