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Bank Negara Malaysia said foreign portfolio outflows from domestic financial markets in October were driven mainly by external developments. The ringgit fell about 1.0% against a firmer US dollar, supported by solid US economic data and Federal Reserve signals of further rate hikes.
Persistent ringgit weakness and foreign outflows raise the cost of ringgit-denominated inputs and imports for Malaysian feed and oilseed processors. The effect on global commodity prices is limited.
malaysiagazette.comWartawan MalaysiaGazetteNov 30, 2018Not 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.
