# Ringgit down more than 1pct to near 10-month low | Malaysiakini

> The ringgit fell 1.1 percent to 4.3920 per dollar, its weakest since January, to hit a near 10-month low. Concerns over potential capital controls weighed on the currency and Malaysian government bonds. The 10-year yield rose to 4.227 percent, its highest since January.

- Date: 2016-11-17 · published 2016-11-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74110-ringgit-down-more-than-1pct-to-near-10-month-low-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Concerns about capital controls and a weaker ringgit can deter foreign capital and increase the dollar cost of Malaysian palm oil and feed imports.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/363218

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