# Malaysia’s central bank tries to stem a slide in the ringgit

> Malaysia's central bank is trying to stop the ringgit's slide, which has underperformed other emerging-market currencies. The Economist reports on the central bank's measures to support the currency. The currency has come under pressure as investors move away from emerging markets.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74108-malaysia-s-central-bank-tries-to-stem-a-slide-in-the-ringgit
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Central bank measures to defend the ringgit signal tighter capital controls, which can keep the currency weak and keep Malaysian palm oil priced competitively in dollar terms.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- economist.com: https://www.economist.com/finance-and-economics/2016/11/24/malaysias-central-bank-tries-to-stem-a-slide-in-the-ringgit

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