Malaysian Ringgit (MYR)

QUOTE AND NEWS
Forex News  Nov 28  Comment 
The Malaysian ringgit slipped against the US dollar today as efforts of Malaysian policy makers to limit currency speculation failed to prevent a downfall of the ringgit. The Bank Negara Malaysia sent letters to offshore bank, demanding...
Financial Times  Nov 25  Comment 
Macquarie and ANZ fined A$15m for trying to rig benchmark rate for Malaysian ringgit
Wall Street Journal  Nov 25  Comment 
Two of Australia’s largest banks, ANZ and Macquarie, admitted that several employees in Singapore tried to manipulate the benchmark rate for the Malaysian ringgit.
The Economist  Nov 24  Comment 
“THERE is no new policy on capital flows. There is no proxy capital control either,” insisted Muhammad Ibrahim, governor of Malaysia’s central bank, in a dinner speech on November 18th. This echoed a similar central-bank promise 15 months...
Wall Street Journal  Nov 22  Comment 
Malaysia’s efforts to clamp down on currency speculators in recent days are rattling investors and raising the specter of capital controls last seen during the Asian financial crisis nearly two decades ago.
Financial Times  Nov 21  Comment 
Central bank’s moves to curb ‘speculative’ offshore trading cause disquiet among investors
Reuters  Nov 16  Comment 
Malaysia's central bank is asking foreign banks to make a written commitment to refrain from trading the ringgit in the offshore non-deliverable forwards market in its latest move to protect a weakening currency, banking sources said.
The Economic Times  Nov 11  Comment 
The Malaysian ringgit fell more than 5% against the dollar in the offshore market on Friday, prompting a blowout in spreads and forcing the central bank to limit offshore-based transactions.
Reuters  Nov 11  Comment 
Malaysia's ringgit plunged to its weakest in more than 12 years in offshore markets on Friday as investors dumped government bonds, forcing the central bank to use its persuasive powers to keep the spot rate steady by deterring sellers onshore.




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The chart at left shows the USD/MYR currency pair; the number of Malaysian Ringgit equivalent to 1 U.S. Dollar (USD).

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