Loading…
The ringgit fell as much as 1.2 percent to 4.3300 per dollar, its weakest since January, as higher US Treasury yields raised fears of regional capital outflows. The 10-year US yield reached a 10-month peak of 2.2 percent.
Bank Negara Malaysia had said it would reinforce rules barring offshore trading of the currency.
Rising US yields and capital outflows pressure the ringgit and other Asian currencies, which can lower the dollar value of Malaysian palm oil exports.
beta.malaymail.comNov 14, 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.
