# Ringgit hit as higher US yields deepen Asia outflow worries | Malay Mail

> 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.

- Date: 2016-11-14 · published 2016-11-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74111-ringgit-hit-as-higher-us-yields-deepen-asia-outflow-worries-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Rising US yields and capital outflows pressure the ringgit and other Asian currencies, which can lower the dollar value of Malaysian palm oil exports.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2016/11/14/ringgit-hit-as-higher-us-yields-deepen-asia-outflow-worries/1249631

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