# Bank Negara: Local financial markets affected by domestic, external factors in May | Malay Mail

> Bank Negara Malaysia said domestic financial markets were hit by both domestic and external factors in May. The FBM KLCI fell 1.1 per cent and the ringgit depreciated 0.8 per cent against the US dollar, as stricter Covid-19 containment measures and rising US Treasury yields weighed on sentiment.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46865-bank-negara-local-financial-markets-affected-by-domestic-external-factors-in
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The ringgit depreciation raised the local cost of dollar-priced feed imports in May, and the central bank's cautious outlook suggests the currency may stay under some pressure.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/06/30/bank-negara-local-financial-markets-affected-by-domestic-external-factors-i/1986140

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