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Reuters reports that Malaysia's curbs on ringgit non-deliverable forwards have triggered a flood of money leaving the country's bond market. The ringgit had been the weakest currency in emerging Asia last year after the yuan.
Capital outflows weaken the ringgit, which raises the local-currency cost of imported feed inputs and can pressure Malaysian palm oil and feed demand.
reuters.comVidya RanganathanFeb 27, 2017Not enough comparable past events yet for a historical read.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
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.
