Commerzbank: Ringgit Falls Fourth Session to 4.07 on Equity Outflows

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Summary · why it matters

Commerzbank notes USD/MYR has risen to 4.07, marking a fourth consecutive session of Ringgit weakness, weighed by foreign portfolio outflows from Malaysian equities. The bank points to a hawkish tilt from Bank Negara Malaysia as a factor limiting further downside for the currency.

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