# Statement by Financial Markets Committee: Updates on the Malaysian Financial Markets - Bank Negara Malaysia

> Bank Negara Malaysia's Financial Markets Committee said the ringgit remains stable against the US dollar, with movements comparable to regional currencies. Onshore FX volume averaged USD9.1 billion daily, intraday volatility narrowed, and bond auctions drew strong bid-to-cover ratios.

- Date: 2017-02-17 · published 2017-02-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/72755-statement-by-financial-markets-committee-updates-on-the-malaysian-financial
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reduced ringgit volatility and steady foreign participation in bonds lower near-term currency risk for Malaysia-linked feed import costs, though the story has little direct grain or feed price impact.

## Read by commodity

- USDMYR: neutral

## Sources

- corpwb01.bnm.gov.my: https://corpwb01.bnm.gov.my/-/statement-by-financial-markets-committee-updates-on-malaysian-financial-market-1

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