Tuesday, August 8, 2017

FW: RHB | Malaysia | Forex Reserves Near The USD100bn Level



Economic Research

8 August 2017



Economic Update




Forex Reserves Near The USD100bn Level


Malaysia’s forex reserves rose by USD0.5bn to USD99.4bn as at 31 Jul. This is mirrored by the foreign inflow of funds into the equity markets during the month. In MYR terms, the country’s forex reserves increased by MYR2.2bn to MYR427bn over the same period. MYR strengthened in July and remained stable in the first week of August as the US Federal Reserve (US Fed) maintained interest rates on 26 Jul, while reiterating a slightly dovish tone. We, however, expect MYR to recover gradually over time, as it has overshot on the downside from its fundamental value.


Economist:  Vincent Loo Yeong Hong  | +603 9280 2172

Economist:  Aris Nazman Maslan  | +603 9280 2184=



To access our recent reports please click on the links below:


07 Aug : Exports Growth Slower In June Due To Festivities

02 Aug : Business Confidence Picks Up To 4-Year High

01 Aug : M3 Slows, Whilst Loan Growth Picks Up in June

21 Jul:  More Moderate Growth And Inflation In 2H17

19 Jul : Inflation Slows Further Amid Lower Fuel Prices


Economics Team





Peck Boon Soon

Chief ASEAN Economist


+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam,


+603 9280 2172

Ng Kee Chou

Singapore, Thailand


+603 9280 2179

Rizki Fajar

Indonesia, Philippines


+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam


+603 9280 2184




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