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 | +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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