# M'sian equities hit, ringgit lowest level in 10 months on Turkish troubles | The Star

> Malaysian equities fell and the ringgit slid to 4.093 per US dollar, its weakest since November 2017, as a global sell-off spread on fears of contagion from Turkey's currency crisis. Investors moved into the US dollar, yen and Swiss franc as safe havens. AmBank Research warned that emerging markets reliant on dollar debt face pressure.

- Date: 2018-08-13 · published 2018-08-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63775-m-sian-equities-hit-ringgit-lowest-level-in-10-months-on-turkish-troubles-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Emerging-market currency stress raises the cost of dollar-denominated imports and can weigh on Malaysian palm oil and feed-linked demand, while a firmer dollar tends to pressure dollar-priced agricultural commodities.

## Read by commodity

- DXY: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-04-20 | [Ringgit touches near two-year low, Asian stocks track Wall St strength \| Malaysiakini](https://feedsoft.ai/events/42105-ringgit-touches-near-two-year-low-asian-stocks-track-wall-st-strength.md) | -1.5% | -2.9% |
| PALMOIL | 2020-01-29 | [Coronavirus punishes equities, ringgit and crude palm oil](https://feedsoft.ai/events/55341-coronavirus-punishes-equities-ringgit-and-crude-palm-oil.md) | -9.4% | -11.8% |
| PALMOIL | 2020-02-28 | [Palm oil heads for worst week in 11 years on demand destruction \| The Star](https://feedsoft.ai/events/5815-palm-oil-heads-for-worst-week-in-11-years-on-demand-destruction-the-star.md) | -4.9% | -14.0% |
| PALMOIL | 2021-12-06 | [Malaysia Ringgit To Remain At Weaker Levels Through 2022 - BusinessToday](https://feedsoft.ai/events/43876-malaysia-ringgit-to-remain-at-weaker-levels-through-2022-businesstoday.md) | +3.1% | +6.3% |
| PALMOIL | 2020-02-25 | [Crude palm oil futures hit 4-month low on uncertain market sentiment \| Malay Mail](https://feedsoft.ai/events/6573-crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment-malay-mail.md) | -13.3% | -15.6% |
| DXY | 2022-04-28 | [Gold hits lowest level in more than 2 months on lofty dollar, imminent U.S. rate hike](https://feedsoft.ai/events/41758-gold-hits-lowest-level-in-more-than-2-months-on-lofty-dollar-imminent-u-s-rate.md) | +0.1% | -0.4% |
| DXY | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -0.8% | +0.0% |
| DXY | 2026-03-31 | [Ringgit, regional currencies edge lower as  investors eye US data, developments in West Asia \| The Star](https://feedsoft.ai/events/20413-ringgit-regional-currencies-edge-lower-as-investors-eye-us-data-developments-in.md) | -0.7% | -2.3% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/08/14/turkish-troubles/

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