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Macquarie says Malaysia's curbs on offshore ringgit non-deliverable forward trading have made it harder for global funds to hedge exposure. Global funds cut Malaysian debt holdings by RM25.2 billion in November and December, the largest two-month outflow since 2008.
Reduced hedging access and foreign bond outflows keep pressure on the ringgit, raising imported feed costs for Malaysian buyers.
businesstimes.com.sgFeb 6, 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.
