Liquidity
on the onshore foreign exchange market registered a daily average volume of
around US$9 billion this month.
Multi Management and Future Solutions Malaysia: The Malaysian financial organization
aforementioned on Wed that the "disruptive influence" from the
non-deliverable forward (NDF) market on the Malaysian monetary unit has
subsided, creating a hit of its efforts to stifle the offshore market.
Last month, Bank
Negara Malaysia began making an attempt to force currency traders overseas to
prevent driving the Malaysian monetary unit lower and demanded that banks sign
a commitment to stop commerce the Malaysian monetary unit on the offshore NDF
market. It additionally aforementioned it'd implement many measures to spice up
onshore Malaysian monetary unit trade.
Liquidity on the
onshore interchange market registered a daily average volume of around US$9
billion this month, compared to a monthly average of US$8 billion within the
previous eleven months, Bank Negara Malaysiaaforementioned during a statement
on Wed.
"FX flows
comprise provide and demand from all major participants, as well as the
exporters/importers, portfolio connected and direct investments," the
financial organization aforementioned.
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