Foreign Exchange Reserves Increased Marginally in July

Economic Research	8 August 2016
Malaysia
Economic Highlights
Foreign Exchange Reserves Increased Marginally in July The foreign exchange reserves increased marginally by USD0.1bn to USD97.3bn as at 29 July 2016, from USD97.2bn registered at end-June and compared to USD95.3bn at end-December 2015. On the currency front, the ringgit gained a further 0.4% against the US dollar (USD) to MYR4.038 in the first week of August, after depreciating 0.8% in July, on account of rising demand for higher-yielding assets after the Bank of England cut interest rates while sentiment was also boosted by oil prices rebounding to hold near USD45/bbl. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
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