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The ringgit fell 0.6% on April 16 to its weakest since November 2016 after FTSE Russell said it may drop Malaysian debt from its World Government Bond Index over liquidity concerns. Morgan Stanley estimates the exclusion could trigger outflows of about US$8 billion.
Potential bond outflows pressure the ringgit and can hit Malaysian palm oil sentiment through currency moves, but the link to feed commodity prices is indirect.
straitstimes.comApr 17, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
