Foreign Exchange Reserves Rise in September

Economic Research	10 October 2016
Malaysia
Economic Highlights
Foreign Exchange Reserves Rise in September The foreign exchange reserves rose by USD0.2bn to USD97.7bn as at 30 September 2016, from USD97.5bn registered at end-August and compared to USD95.3bn at end-December 2015. The  ringgit weakened by 0.2% against the US dollar (USD) to MYR4.154 in the first week of October, after depreciating 2.3% in September, due to the  rising sentiment for a Fed rate hike by year-end. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
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