Tuesday, August 8, 2017

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

 

 

Economic Research

8 August 2017

Malaysia

 

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

bspeck@rhbgroup.com

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam,

vincent.loo@rhgroup.com

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

ng.kee.chou@rhbgroup.com

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

rizki.fajar@rhbgroup.com

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

mohd.aris.nazman@rhbgroup.com

+603 9280 2184

 

 

 

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