# Ringgit a victim of EM contagion - The Malaysian Reserve

> An opinion column says EM currencies have fallen more than 7% in dollar terms over six months, with the Argentine peso and Turkish lira down sharply. It argues the ringgit's healthy current account and strong reserves should cushion Malaysia against external pressure.

- Date: 2018-09-12 · published 2018-09-12T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/63309-ringgit-a-victim-of-em-contagion-the-malaysian-reserve
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Broad EM currency weakness raises the local cost of imported feed for importing countries, while Malaysia's stronger buffers limit the downside for its feed buyers.

## Read by commodity

- USDARS: bullish ▲
- USDMYR: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/09/12/ringgit-a-victim-of-em-contagion/

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