# External developments main cause of foreign capital outflow

> Bank Negara Malaysia said foreign investors pulled capital from local financial markets in October, with the ringgit down 1% that month amid US dollar strength and portfolio outflows. The central bank attributed the outflows mainly to external developments, including strong US data and Fed rate-hike signals.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/61801-external-developments-main-cause-of-foreign-capital-outflow
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent ringgit weakness and capital outflows point to a stronger dollar environment that tends to pressure dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-23 | [Fear of foreign capital exodus growing  - The Korea Times](https://feedsoft.ai/events/62760-fear-of-foreign-capital-exodus-growing-the-korea-times.md) | +0.6% | +0.9% |
| DXY | 2016-12-27 | [Beijing desperate to stem tide of capital outflow  - Nikkei Asia](https://feedsoft.ai/events/73703-beijing-desperate-to-stem-tide-of-capital-outflow-nikkei-asia.md) | +0.3% | -1.3% |
| DXY | 2017-03-01 | [FRB: Part 1: Recent Economic and Financial Developments](https://feedsoft.ai/events/72689-frb-part-1-recent-economic-and-financial-developments.md) | +0.4% | -1.4% |
| DXY | 2024-04-22 | [US dollar’s extended reign delivers stark wake-up call for markets - Moneyweb](https://feedsoft.ai/events/30911-us-dollar-s-extended-reign-delivers-stark-wake-up-call-for-markets-moneyweb.md) | -0.1% | -1.5% |
| DXY | 2017-12-05 | [Experts urge tighter scrutiny of cross-border capital flows - Chinadaily.com.cn](https://feedsoft.ai/events/67716-experts-urge-tighter-scrutiny-of-cross-border-capital-flows-chinadaily-com-cn.md) | +0.6% | -0.7% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/12/03/external-developments-main-cause-of-foreign-capital-outflow/

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