# Malaysian forex reserves set to hit US$100 bln mark | Borneo Post Online

> Malaysia's forex reserves rose by US$500 million to US$99.4 billion in July and are poised to reach US$100 billion. RHB Research linked the gain to foreign equity inflows and a weaker US dollar, and said current reserve levels are adequate by international standards.

- Date: 2017-08-09 · published 2017-08-09T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69732-malaysian-forex-reserves-set-to-hit-us-100-bln-mark-borneo-post-online
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reserve growth supports ringgit stability, which lowers Malaysian import costs modestly, but it has no direct effect on feed commodity prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/08/10/malaysian-forex-reserves-set-to-hit-us100-bln-mark/

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