# Asia struggles on forex and flows after Trump win

> The Malaysian ringgit fell more than 5 percent in offshore trading on Friday after Donald Trump's election win. The Indonesian rupiah also came under heavy selling pressure, prompting authorities to sell dollars to stabilise it.

- Date: 2016-11-11 · published 2016-11-11T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/74149-asia-struggles-on-forex-and-flows-after-trump-win
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Sharp Asian currency weakness raises the cost of imported feed ingredients for Southeast Asian buyers and pressures local feed and oilseed margins. Weaker ringgit can also support palm oil prices in dollar terms.

## Read by commodity

- USDIDR: bullish ▲
- USDMYR: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-09-27 | [Standard Chartered places ‘overweight’ forex weightings on ringgit \| Borneo Post Online](https://feedsoft.ai/events/69218-standard-chartered-places-overweight-forex-weightings-on-ringgit-borneo-post.md) | -4.3% | -2.0% |
| PALMOIL | 2018-08-03 | [Malaysia: Wider external surplus is positive for ringgit \| articles \| ING THINK](https://feedsoft.ai/events/63776-malaysia-wider-external-surplus-is-positive-for-ringgit-articles-ing-think.md) | +2.0% | +0.9% |
| PALMOIL | 2018-08-06 | [Ringgit falls to 2018 low as Asia currencies weaken \| The Star](https://feedsoft.ai/events/63778-ringgit-falls-to-2018-low-as-asia-currencies-weaken-the-star.md) | +1.8% | +0.9% |
| PALMOIL | 2020-07-19 | [Headwinds for the Malaysian Ringgit Are Only Getting Stronger - Bloomberg](https://feedsoft.ai/events/52372-headwinds-for-the-malaysian-ringgit-are-only-getting-stronger-bloomberg.md) | +2.0% | +8.9% |
| PALMOIL | 2024-08-22 | [Malaysia shines as foreign investors return, peers stumble](https://feedsoft.ai/events/29072-malaysia-shines-as-foreign-investors-return-peers-stumble.md) | +1.4% | +6.3% |

## Sources

- reuters.com: https://www.reuters.com/article/usa-election-asia-economies-idUSL4N1DC2CO/?feedName=usDollarRpt&feedType=RSS

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