# Ringgit depreciates 1.5pc in Q2 on non-resident portfolio outflows | Malay Mail

> Bank Negara Malaysia said the ringgit depreciated 1.5% in the second quarter of 2019, driven mainly by RM5.1 billion of non-resident portfolio outflows. The governor cited global trade tensions and potential FTSE Russell index reviews as factors weighing on sentiment.

- Date: 2019-08-16 · published 2019-08-16T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57861-ringgit-depreciates-1-5pc-in-q2-on-non-resident-portfolio-outflows-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Persistent foreign outflows keep USD/MYR elevated, raising the local currency cost of imported feed ingredients.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/08/16/ringgit-depreciates-1.5pc-in-q2-on-non-resident-portfolio-outflows/1781287

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