The post Ringgit strength seen extending lower – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Senior Currency Analyst Lloyd Chan expects USD/MYR to keep trendingThe post Ringgit strength seen extending lower – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Senior Currency Analyst Lloyd Chan expects USD/MYR to keep trending

Ringgit strength seen extending lower – MUFG

2026/02/13 07:20
2분 읽기

MUFG’s Senior Currency Analyst Lloyd Chan expects USD/MYR to keep trending lower, targeting 3.7000 by end‑2026 as a more durable Ringgit appreciation cycle develops. The view is underpinned by Malaysia’s ICT‑driven investment upcycle, macroeconomic stability, and neutral BNM policy with steady foreign bond inflows. External support from firmer commodities, electronics demand and CNY resilience is highlighted, alongside clear downside risk scenarios.

Ringgit outlook supported by fundamentals

“We expect USDMYR to continue trending lower toward 3.7000 by end‑2026, supported by a more durable ringgit appreciation cycle driven by structural fundamentals.”

“Malaysia’s economy remains in an ICT‑led investment upcycle, with total investment approvals across the manufacturing and services sectors rising 14.7%yoy in 9M25. Notably, ICT has emerged as the largest contributor to approved investments, underpinned by strong foreign participation, with ICT investment approvals growing by around 32%yoy over the same period.”

“Macroeconomic stability also compresses risk premiums. Inflation remains well‑contained despite RON95 fuel subsidy rationalisation and adjustments to sales and services tax, allowing BNM to maintain policy stability. Fiscal discipline keeps sovereign risks in check, supporting investor confidence in local financial markets.”

“We expect BNM to maintain a neutral policy stance, keeping the policy rate at 2.75% through 2026, while further Fed easing should continue to narrow rate differentials. This will enhance Malaysia’s relative yield appeal and has already helped drive a steady pickup in net foreign bond inflows since 2024.”

“Downside risks to our ringgit outlook include a sharp global growth slowdown, a significant decline in commodity prices, or a downturn in the global electronics cycle.”

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Source: https://www.fxstreet.com/news/usd-myr-ringgit-strength-seen-extending-lower-mufg-202602122258

시장 기회
ICT 로고
ICT 가격(ICT)
$0.04712
$0.04712$0.04712
-0.12%
USD
ICT (ICT) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, service@support.mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.