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Central Banking discusses the dispute over Bank Negara Malaysia's curbs on offshore ringgit derivatives trading in Singapore. The governor's measures cut offshore volumes by more than 90 percent, drawing criticism from market participants who value offshore hedging.
Restrictions on offshore ringgit trading affect currency volatility and hedging costs for Malaysian commodity exporters. The price impact on feed commodities is indirect and limited.
centralbanking.comChristopher JefferyJun 30, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
