# Malaysia's political turmoil drives away investors

> The ringgit fell to 4.2430 per dollar on August 16, its weakest since July 2020, after Prime Minister Muhyiddin Yassin's resignation raised the prospect of prolonged political instability. Stocks slipped 0.4% and sovereign yields were steady.

- Date: 2021-08-16 · published 2021-08-16T12:00:00.000Z
- Category: geopolitics · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45813-malaysia-s-political-turmoil-drives-away-investors
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the local cost of dollar-denominated feed imports such as soybean meal and corn, pressuring Malaysian feed margins.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/malaysias-political-turmoil-drives-away-investors-idUSL1N2PN085/

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