# Malaysia eases currency protections as ASEAN vies for investment - Nikkei Asia

> Malaysia's central bank is easing rules on its currency as Southeast Asian countries compete for investment from multinationals diversifying away from China. The central bank hopes the change will strengthen the country's position in global supply chains and attract foreign direct investment.

- Date: 2021-04-15 · published 2021-04-15T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/47869-malaysia-eases-currency-protections-as-asean-vies-for-investment-nikkei-asia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency policy easing may increase capital inflows and ringgit volatility, a modest factor for dollar-priced feed import costs in Malaysia.

## Read by commodity

- USDMYR: neutral

## Sources

- asia.nikkei.com: https://asia.nikkei.com/economy/malaysia-eases-currency-protections-as-asean-vies-for-investment

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.