# Emerging market bond, currency markets face ‘meltdown’ after Trump's win

> Emerging market bond and currency markets sold off after Trump's election as the 10-year US Treasury yield rose above 2 percent. Currencies including the Indonesian rupiah and Malaysian ringgit fell sharply, and central banks in Malaysia and Indonesia intervened to support them.

- Date: 2016-11-14 · published 2016-11-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74153-emerging-market-bond-currency-markets-face-meltdown-after-trump-s-win
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and capital outflows from emerging markets raise import costs for Asian and Latin American feed buyers. Higher US rate expectations also weigh on commodity prices priced in dollars.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲
- USDMXN: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-04 | [The Fed - U.S. Interest Rates and Emerging Market Currencies: Taking Stock 10 Years After the Taper Tantrum](https://feedsoft.ai/events/33530-the-fed-u-s-interest-rates-and-emerging-market-currencies-taking-stock-10-years.md) | -0.8% | +0.0% |
| DXY | 2018-08-30 | [Fresh Stress Grips Weakest Emerging-Market Currencies](https://feedsoft.ai/events/63696-fresh-stress-grips-weakest-emerging-market-currencies.md) | +0.9% | +0.3% |
| DXY | 2021-06-21 | [The rand goes from best-performing to worst-performing emerging market currency - Moneyweb](https://feedsoft.ai/events/46874-the-rand-goes-from-best-performing-to-worst-performing-emerging-market-currency.md) | -1.0% | +0.4% |
| DXY | 2016-11-09 | [Colombian peso, markets down after Trump victory](https://feedsoft.ai/events/74113-colombian-peso-markets-down-after-trump-victory.md) | +3.1% | +3.3% |
| DXY | 2021-01-08 | [Treasury Yield Surge Rattles Emerging-Market Currencies in Asia - Infobae](https://feedsoft.ai/events/49393-treasury-yield-surge-rattles-emerging-market-currencies-in-asia-infobae.md) | -0.1% | +0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/14/emerging-market-bond-currency-markets-face-meltdown-after-trumps-win.html

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