# BNM: Financial markets faced selling pressure in May | Malay Mail

> Bank Negara Malaysia reported that non-resident investors sold domestic financial assets in May, driven by risk-off sentiment, expected faster Fed rate hikes, a stronger dollar and trade tensions. The FBM KLCI fell 6.9% during the month and the ringgit lost 1.4% against the dollar.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64766-bnm-financial-markets-faced-selling-pressure-in-may-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Ringgit weakness and capital outflows raise the cost of imported feed inputs for Malaysian buyers, while the rising dollar pressures emerging-market currencies broadly.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-02 | [Selling pressure continues in commodity market](https://feedsoft.ai/events/9743-selling-pressure-continues-in-commodity-market.md) | +0.3% | -1.0% |
| DXY | 2024-05-30 | [Emerging Asian Markets Face Pressure Amid Rising US Yields - Finimize](https://feedsoft.ai/events/30569-emerging-asian-markets-face-pressure-amid-rising-us-yields-finimize.md) | +0.3% | +1.8% |
| DXY | 2022-06-15 | [Corn, wheat, soya fall amid decline in financial markets - Markets - Business Recorder](https://feedsoft.ai/events/12701-corn-wheat-soya-fall-amid-decline-in-financial-markets-markets-business-recorder.md) | -0.9% | +2.0% |
| DXY | 2023-03-15 | [FX Markets: Pressure switches to Europe \| articles \| ING THINK](https://feedsoft.ai/events/10079-fx-markets-pressure-switches-to-europe-articles-ing-think.md) | -0.1% | -1.2% |
| DXY | 2024-11-22 | [International corn market pressured by strong dollar](https://feedsoft.ai/events/6063-international-corn-market-pressured-by-strong-dollar.md) | -0.4% | +0.6% |

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2018/06/29/bnm-financial-markets-faced-selling-pressure-in-may/1646917

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