Foreign Exchange Reserves Rose in August

Economic Research	7 September 2016
Malaysia
Economic Highlights
Foreign Exchange Reserves Rose in August The foreign exchange reserves rose by USD0.2bn to USD97.5bn as at 30 August 2016, from USD97.3bn registered at end-July and compared to USD95.3bn at end-December 2015. The ringgit weakened by a 0.7% against the US dollar (USD) to MYR4.080 in the first week of September, after gaining a marginal 0.1% in August, attributed mainly to USD strength following remarks by Fed Chair Janet Yellen that the Fed is still on track to hike interest rates by the end of the year. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
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