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Foreign investors sold US$5.3 billion of Malaysian stocks and bonds in November, the largest monthly outflow since September 2011, according to ANZ Bank. The ringgit has lost 6.5 percent against the dollar since the US election and hit a nearly 19-year low on November 30.
The selloff follows the Federal Reserve's rate increase.
Capital outflows and rising US rates keep pressure on the ringgit, supporting a higher USD/MYR and a more expensive dollar-priced import bill for Malaysian feed buyers.
malaysiakini.comDec 16, 2016Not 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.
