# Ringgit weakens on possible bond exclusion in WGBI

> The ringgit weakened to its lowest since January 25, trading near RM4.136 per US dollar, as possible exclusion from the FTSE Russell bond index drove selling. Bank Islam's chief economist said the currency looks oversold technically, and the 10-year bond yield rose.

- Date: 2019-04-18 · published 2019-04-18T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59842-ringgit-weakens-on-possible-bond-exclusion-in-wgbi
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency weakness in Malaysia affects local-currency costs for imported feed inputs and palm oil, but the price impact on feed commodities is minor.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/04/18/ringgit-weakens-on-possible-bond-exclusion-in-wgbi/

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