January 31, 2025 05:38 GMT
MALAYSIA: Country Wrap: Official Reserves Drop to Lowest Since July.
MALAYSIA
- Malaysia’s official reserve assets amounted to US$116.22 billion, while other foreign currency assets stood at US$4.50 million as at end-December 2024, said Bank Negara Malaysia (BNM). (source: BBG).
- Following two weak days at the start of the week, then holidays, Malaysia’s FTSE KLCI Index has rebounded today to be up +0.28%.
- MYR: like its regional peers, it was a tough day for the Ringgit today, down -.929% to 4.4350.
- Bonds: were seemingly oblivious to the volatility unchanged across the curve with MGS 10YR 3.805%
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