# Impact of the US tax cut on EMs - The Malaysian Reserve

> 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.

- Date: 2017-12-21 · published 2017-12-21T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/67749-impact-of-the-us-tax-cut-on-ems-the-malaysian-reserve
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2018-03-22 | [What Is the Impact of the Federal Reserve's Latest Rate Hike on Indonesia? \| Indonesia Investments](https://feedsoft.ai/events/66316-what-is-the-impact-of-the-federal-reserve-s-latest-rate-hike-on-indonesia.md) | -0.8% | -1.3% |
| DXY | 2024-04-29 | [Malaysia to remain resilient as Fed rate cut hopes fade \| The Star](https://feedsoft.ai/events/31018-malaysia-to-remain-resilient-as-fed-rate-cut-hopes-fade-the-star.md) | -0.7% | -1.1% |
| DXY | 2019-09-23 | [USD repo moves: Impact on AUD - ANZ - Forex Crunch](https://feedsoft.ai/events/57335-usd-repo-moves-impact-on-aud-anz-forex-crunch.md) | +0.5% | -1.0% |
| DXY | 2024-12-23 | [Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday](https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies.md) | +0.7% | +0.3% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/12/22/impact-us-tax-cut-ems/

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