# Statement by Financial Markets Committee: Updates on the Malaysian Financial Markets - Bank Negara Malaysia

> Bank Negara Malaysia's Financial Markets Committee issued an update on Malaysian markets, citing November 2017 measures to enhance bond short-selling, expand collateral for liquidity operations, and introduce BNM Interbank Bills. It also reported the ringgit gained 10.1% in 2017, trading between 4.05 and 4.09 per USD in December, with FX liquidity and spreads improving.

- Date: 2017-12-21 · published 2017-12-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/67745-statement-by-financial-markets-committee-updates-on-the-malaysian-financial
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Ringgit strength and tighter spreads make USD/MYR hedging cheaper for palm oil exporters and buyers, which can influence Malaysian palm oil prices in ringgit terms.

## Read by commodity

- USDMYR: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-21 | [Malaysia's forex market more efficient now \| The Star](https://feedsoft.ai/events/67750-malaysia-s-forex-market-more-efficient-now-the-star.md) | -0.1% | +3.6% |
| PALMOIL | 2017-02-27 | [Malaysia's currency curbs boomerang on bond markets](https://feedsoft.ai/events/72756-malaysia-s-currency-curbs-boomerang-on-bond-markets.md) | -3.0% | -4.8% |
| PALMOIL | 2018-07-10 | [New Malaysian plantations minister challenged to find new markets for palm oil  : The Daily Digest](https://feedsoft.ai/events/63908-new-malaysian-plantations-minister-challenged-to-find-new-markets-for-palm-oil.md) | -3.0% | -4.0% |
| PALMOIL | 2019-06-13 | [Primary industries minister: Special committee formed to monitor B20 biodiesel implementation \| Malay Mail](https://feedsoft.ai/events/58469-primary-industries-minister-special-committee-formed-to-monitor-b20-biodiesel.md) | +2.1% | -1.1% |
| PALMOIL | 2022-05-04 | [Deforestation: what could be the market impact of new EU ban?](https://feedsoft.ai/events/41420-deforestation-what-could-be-the-market-impact-of-new-eu-ban.md) | -10.5% | -10.1% |

## Sources

- bnm.gov.my: https://www.bnm.gov.my/-/statement-by-financial-markets-committee-updates-on-malaysian-financial-market-2

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