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In opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/THB could attempt to test 33.55 ahead of a probable corrective mo

According to Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/MYR faces prospects of extra gains to the 4.2450 level. Key Quotes

Foreign ownership of Malaysian equities dropped to an all-time low of 20.2% of total market capitalisation as at end-July 2021 from 20.3% as at end-June 2021 as the country’s combined foreign portfolio outflow, which involves equities and bonds, tripled to about RM5 billion from around RM1.7 billion amid factors including Covid-19 uncertainties and US quantitative easing (QE) tapering anticipation, according to UOB Global Economics & Markets Research's note today.

KUALA LUMPUR: Malaysia recorded an increase in foreign portfolio outflows totalling RM5bil in July as foreign funds continued to reduce their stakes in local equities and debt securities due to local and external factors.

Economists say current rate of 1.75% is sufficient PETALING JAYA: The key benchmark interest rate, which is at an all time low of 1.75%, is expected to be maintained when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. After a cumulative 125 basis points cut in the overnight policy rate (OPR) last year to fuel economic growth, economists agree that the current interest rate is sufficient to accommodate the economy. A cut in interest rates is not likely to help to stimulate the economy due to inflationary pressure amid the pandemic and tighter restrictions. Most part...