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Foreign investors are moving from Malaysian equities into ringgit bonds as the ringgit hit a one-year high of RM4.08 per US dollar. Traders expect a central bank rate hike as early as January 2018.
Foreign equity outflows have persisted for four months.
Capital flows shape the ringgit, which affects the local-currency cost of Malaysian palm oil and other dollar-priced feed inputs. Expected rate hikes are a macro signal rather than a direct supply or demand event.
themalaysianreserve.comNov 29, 2017Not 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.
