Investors March Out Of Malaysia Bring Ringgit To 1998 Lows



(Reuters) – Malaysia’s ringgit is trading at lows not seen since the Asian Financial Crisis as outflows, foreign currency hoarding and a strong dollar pile on pressure.
The currency is the first in Asia to break below October 2023 levels on the dollar. It touched 4.801 to the dollar on Wednesday, its weakest since January 1998.
Receding bets on U.S. interest rate cuts are also driving the gap between 10-year U.S. and Malaysian rates back toward October’s 16-year wides in favour of U.S. yields.
The weakness defies steadiness in oil prices – a Malaysian export – and prospects of recovery in electronics exports. It shows investors have little appetite for Malaysian assets.
“Weakness cannot really be blamed on speculative flows since this has already largely been curbed since a policy ban on ringgit offshore trading since 2016,” said Rong Ren Goh, fixed income investments director at Eastspring Investments in Singapore. “Weakness is driven by real flows.”
BY THE NUMBERS
** Malaysia’s trade surplus narrowed to 10.12 billion ringgit in January, with imports growing faster than exports.
** Portfolio flows have been negative for much of the past decade, hitting RM50.6 billion (US$10.6 billion) in 2022 – the largest since 2008 – and RM45.7 billion last year.
** Since loosening requirements on exporters’ FX conversion in 2021, businesses’ foreign currency deposits have surged nearly 70 per cent to hit a record 138.4 billion ringgit in Dec. 2023, according to central bank statistics.
** The FX market is short ringgit, according to Reuters’ polling, though not at stretched levels.
THE RESPONSE
Malaysia’s central bank, in a statement released on Tuesday, said the recent performance of the ringgit was largely due to external factors and the finance minister has said he expects a rebound in the currency as U.S. interest rates fall.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2024/02/21/investors-march-out-of-malaysia-bring-ringgit-to-1998-lows/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Migrant Care Bongkar Modus Dugaan Pelanggaran Pemilu Di Malaysia Surat Suara Diperjualbelikan 25 50 Ringgit

Migrant Care Bongkar Modus Dugaan Pelanggaran Pemilu Di Malaysia Surat Suara Diperjualbelikan 25 50 Ringgit

papar berkaitan - pada 21/2/2024 - jumlah : 386 hits
Dugaan kecurangan itu terjadi melalui surat suara pos dilakukan Panitia Pemilihan Luar Negeri di Malaysia
Nilai Ringgit Yang Lemah Malaysia Telah Memberikannya Daya Tarikan Yang Lebih Besar Kepada Pelancong

Nilai Ringgit Yang Lemah Malaysia Telah Memberikannya Daya Tarikan Yang Lebih Besar Kepada Pelancong

papar berkaitan - pada 25/2/2024 - jumlah : 249 hits
GLOBAL sumber berita dan maklumat kewangan Bloomberg telah menggesa para pelancong untuk melawat Malaysia dengan menekankan penurunan Ringgit yang meningkatkan kuasa beli para pelancong Banyak orang Singapura melintasi sempadan mengikut sum...
Prestasi Ringgit Tak Mencerminkan Prospek Positif Malaysia Kata Gabenor Bnm

Prestasi Ringgit Tak Mencerminkan Prospek Positif Malaysia Kata Gabenor Bnm

papar berkaitan - pada 20/2/2024 - jumlah : 302 hits
Abdul Rasheed Ghaffour berkata pertumbuhan tahun ini akan dipacu peningkatan dalam permintaan luar dan perbelanjaan domestik yang kukuh PETALING JAYA Gabenor Bank Negara Malaysia Abdul Rasheed Ghaffour berkata prestasi ringgit pada masa ini...
Depreciating Ringgit Has Not Impacted Investors Confidence Pm

Depreciating Ringgit Has Not Impacted Investors Confidence Pm

papar berkaitan - pada 23/2/2024 - jumlah : 234 hits
The depreciating value of the ringgit has not affected investors confidence in Malaysia said Prime Minister Anwar Ibrahim He also urged the public not to compare the ringgit s situation to that of the 1998 Asian Financial Crisis where infla...
Ringgit Slide Parallels To 1998

Ringgit Slide Parallels To 1998

papar berkaitan - pada 25/2/2024 - jumlah : 198 hits
The fall of the Malaysian ringgit to record lows this past week lower than the 1998 financial crisis has become the focus of concern Prime Minister and Finance Minister Anwar Ibrahim has said that the current slide cannot be compared to the...
Jawatan Kosong Guru Ganti Februari 2024 Seluruh Malaysia

Jawatan Kosong Guru Ganti Februari 2024 Seluruh Malaysia

papar berkaitan - pada 12/2/2024 - jumlah : 381 hits
Ada tawaran jawatan kosong Guru Ganti Februari 2024 yang dibuka kepada pemohon yang berkelayakan dan berminat dalam bidang pendidikan sekolah rendah dan menengah Pihak Sekolah buka jawatan kosong Guru Ganti Februari 2024 dan adalah peluang ...
Penggunaan Mana Yang Betul Bahasa Melayu Atau Bahasa Malaysia

Penggunaan Mana Yang Betul Bahasa Melayu Atau Bahasa Malaysia

papar berkaitan - pada 12/2/2024 - jumlah : 406 hits
Imej hiasan KUALA LUMPUR 12 Feb Sepanjang dekad sejak pembentukan Malaysia rakyatnya telah menyaksikan nama bahasa kebangsaannya berubah beberapa kali antara Bahasa Malaysia dan Bahasa Melayu Di tengah tengah perbincangan mengenai pentadbir...
Malaysia Condemns Israeli Attack On Rafah

Malaysia Condemns Israeli Attack On Rafah

papar berkaitan - pada 12/2/2024 - jumlah : 300 hits
Palestinian news agency Wafa reported that the Israeli attack on Rafah early today killed more than 100 civilians including women and children with hundreds more injured PUTRAJAYA Malaysia has condemned in the strongest terms the large scal...
What We Know So Far About The Putra Heights Inferno

Affected Residents Tend To See Putra Heights Gas Pipeline Tragedy As A Waiting To Happen Man Made Disaster

Wanita Maut Ditikam Suami Di Leher

Zafrul As Bam President Filling Big Shoes Or A Risky Gamble

Raja Muda Selangor Titah Mangsa Kebakaran Ditempat Di Lokasi Lebih Selesa

Eplacement Kkm Tarikh Baru Permohonan 2025

Siasat Terperinci Dijalankan

Ustazah Asma Harun Tegur Wanita Muslim Berjoget Sebelum Ambil Duit Raya Jangan Normalisasikan


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Naik Kerja Dah

Petai Tua Jering Muda

Rayola Angok Dimato Uda Chord

Latihan Menulis Prasekolah Asas Menulis A Z 1 10

Think Different A Modified Ariel Leader From England

20 Agensi Mula Siasat Kebakaran Paip Gas Putra Heights