# Malaysia shines as foreign investors return, peers stumble

> Malaysian assets attracted returning foreign investors while regional peers lagged. The ringgit hit an 18-month high against the dollar, extending its gains for the year to more than 5%.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29072-malaysia-shines-as-foreign-investors-return-peers-stumble
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A strengthening ringgit lowers the ringgit cost of dollar-priced palm oil exports, which can make Malaysian palm oil less competitive and soften prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-07-25 | [Foreign investors are cashing in on Malaysia's improving economic prospects](https://feedsoft.ai/events/70229-foreign-investors-are-cashing-in-on-malaysia-s-improving-economic-prospects.md) | +1.0% | +4.5% |
| PALMOIL | 2017-06-29 | [Report: Ringgit strongest currency in Asia \| Malaysiakini](https://feedsoft.ai/events/70757-report-ringgit-strongest-currency-in-asia-malaysiakini.md) | +3.1% | +4.2% |
| PALMOIL | 2018-08-03 | [Malaysia: Wider external surplus is positive for ringgit \| articles \| ING THINK](https://feedsoft.ai/events/63776-malaysia-wider-external-surplus-is-positive-for-ringgit-articles-ing-think.md) | +2.0% | +0.9% |
| PALMOIL | 2024-08-02 | [Ringgit on Best Run in 14 Years as Malaysia’s Outlook Brightens](https://feedsoft.ai/events/29078-ringgit-on-best-run-in-14-years-as-malaysia-s-outlook-brightens.md) | -2.0% | +1.6% |
| PALMOIL | 2020-09-23 | [Malaysia stocks, ringgit slide as Anwar signals push to oust PM \| Financial Post](https://feedsoft.ai/events/51356-malaysia-stocks-ringgit-slide-as-anwar-signals-push-to-oust-pm-financial-post.md) | -1.7% | -1.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/malaysia-shines-foreign-investors-return-peers-stumble-2024-08-22/

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