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The Malaysian Reserve quotes Inter Pacific Securities analyst Pong Teng Siew saying the US Senate's passage of a tax overhaul cutting corporate tax from 35% to 21% could pull funds back to the US. He expects the pressure on emerging-market equities to appear around the end of Q1 2018.
Capital flowing back to the US could strengthen the dollar and pressure emerging-market currencies such as the ringgit, affecting the cost of dollar-priced commodity imports.
themalaysianreserve.comDec 21, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
