# There may be no stopping the ringgit now - The Third Force

> Currency traders who had been selling the ringgit began buying it back in early June, producing a sharp rebound. Minister Abdul Rahman Dahlan said foreign outflows had turned to inflows and cited Q1 GDP growth of 5.6 percent.

- Date: 2017-06-03 · published 2017-06-03T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70762-there-may-be-no-stopping-the-ringgit-now-the-third-force
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A rebounding ringgit lowers the local-currency price of Malaysian palm oil, which can cap dollar-denominated palm prices if the trend holds. The story is mainly about currency flows rather than commodity supply.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thethirdforce.net: https://www.thethirdforce.net/there-may-be-no-stopping-the-ringgit-now/

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