# EMERGING MARKETS-Malaysian shares gain on rate cut hopes; Asian currencies firm  By Reuters

> Malaysian shares rose on January 20, 2021 as investors bet the central bank would ease policy to support an economy hit by new COVID-19 restrictions. Asian currencies firmed as the dollar slipped after Janet Yellen called for a large fiscal relief package. The ringgit held a tight range ahead of the central bank meeting.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49424-emerging-markets-malaysian-shares-gain-on-rate-cut-hopes-asian-currencies-firm
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of Malaysian rate cuts and a weaker dollar point to a softer ringgit outlook over time. The effect on feed commodity prices is indirect and small.

## Read by commodity

- USDMYR: neutral

## Sources

- in.investing.com: https://in.investing.com/news/emerging-marketsmalaysian-shares-gain-on-rate-cut-hopes-asian-currencies-firm-2571977

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