# Malaysian central bank strengthens onshore hedging - Central Banking

> Bank Negara Malaysia Governor said curbs on ringgit non-deliverable forwards imposed in November 2016 had worked better than expected. He also acknowledged the need for a deeper onshore hedging market.

- Date: 2017-07-17 · published 2017-07-17T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70234-malaysian-central-bank-strengthens-onshore-hedging-central-banking
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Tighter control of offshore ringgit trading affects the currency's volatility and foreign-exchange costs for Malaysian palm oil exporters. The effect on feed prices is indirect.

## Read by commodity

- USDMYR: neutral

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/financial-stability/3272111/malaysian-central-bank-strengthens-onshore-hedging

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