Thursday, March 8, 2018

FW: RHB | Malaysia | Forex Reserves Stable At MYR103.7bn In February

 

 

Economic Research

8 March 2018

Malaysia

 

Economic Update

 

 

 

Forex Reserves Stable At MYR103.7bn In February

 

Malaysia registered forex reserves of USD103.7bn as at 28 Feb, unchanged from end-January. In MYR terms, forex reserves suffered a marginal loss of MYR0.2bn to MYR419.5bn, from the previous month.

MYR strengthened further in early March after posting a loss in February, on the back of USD weakness amid persistent concerns about a trade war following US President Donald Trump's proposed tariffs on imported steel and aluminium.

 

Economists:

Vincent Loo Yeong Hong  | +603 9280 2172

 

 

 

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

 

07 Mar: BNM Pauses After January Hike

01 Mar: M3 Growth Remains In Low Gear

28 Feb: Inflation Normalises In Early 2018

21 Feb : Exports Growth To Remain Healthy After Surging In 2017

15 Feb : Current Account Surplus To Narrow In 2018

14 Feb : 2017 GDP Growth Strongest In Three Years

 

Economics Team

Arup Raha

Group Chief Economist

arup.raha@rhbgroup.com

+65 6232 3896

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

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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