# EM currencies at the frontline of contagion fears

> Emerging market currencies are under pressure, with the Indonesian rupiah down nearly 9% this year in a sell-off comparable to 1998. Analysts fear contagion could reach ASEAN currencies including the ringgit, though they expect it to be contained given stronger fundamentals.

- Date: 2018-09-12 · published 2018-09-12T12:00:00.000Z
- Category: macro · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/63308-em-currencies-at-the-frontline-of-contagion-fears
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

EM currency stress raises import costs for feed-buying countries in Southeast Asia and can weigh on regional demand for feed ingredients.

## Read by commodity

- USDIDR: bullish ▲
- USDMYR: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/09/12/em-currencies-at-the-frontline-of-contagion-fears/

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