# Financial markets face continued non-resident outflows in June — BNM | Borneo Post Online

> Bank Negara Malaysia said financial markets saw continued non-resident outflows in June amid renewed trade war concerns and expectations of faster US monetary tightening. The FBM KLCI fell 2.8 per cent and the ringgit depreciated 0.5 per cent against the dollar, while headline inflation eased to 0.8 per cent after the GST zero-rating.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64294-financial-markets-face-continued-non-resident-outflows-in-june-bnm-borneo-post
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Foreign outflows and a weaker ringgit raise the cost of imported feed ingredients for Malaysian buyers, while trade tensions weigh on sentiment for palm oil and other commodities.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-30 | [Continued non-resident inflow leads to Ringgit's appreciation: BNM - The Malaysian Reserve](https://feedsoft.ai/events/70758-continued-non-resident-inflow-leads-to-ringgit-s-appreciation-bnm-the-malaysian.md) | +2.7% | +4.0% |
| PALMOIL | 2017-12-27 | [Malaysia’s economy strengthens amid taunting factors \| Borneo Post Online](https://feedsoft.ai/events/67751-malaysia-s-economy-strengthens-amid-taunting-factors-borneo-post-online.md) | +5.5% | +4.4% |
| PALMOIL | 2017-09-27 | [Standard Chartered places ‘overweight’ forex weightings on ringgit \| Borneo Post Online](https://feedsoft.ai/events/69218-standard-chartered-places-overweight-forex-weightings-on-ringgit-borneo-post.md) | -4.3% | -2.0% |
| PALMOIL | 2018-08-07 | [Ringgit to remain weaker as US dollar strengthens against most currencies \| Borneo Post Online](https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies.md) | +0.0% | +2.6% |
| PALMOIL | 2020-09-23 | [Malaysia stocks, ringgit slide as Anwar signals push to oust PM \| Financial Post](https://feedsoft.ai/events/51356-malaysia-stocks-ringgit-slide-as-anwar-signals-push-to-oust-pm-financial-post.md) | -1.7% | -1.6% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/08/01/financial-markets-face-continued-non-resident-outflows-in-june-bnm/

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