Ringgit NDF market collapses after central bank curbs

"Implicit threat" to banks that continue trading non-deliverable forwards

malaysian-ringgit-notes
The Malaysian ringgit is only tradable offshore in NDF format

Malaysian ringgit non-deliverable forward (NDF) volumes have collapsed after the country's central bank reasserted its long-standing ban on offshore currency trading on November 13. The ringgit has weakened against the US dollar in the wake of Donald Trump's victory in the US presidential election.

Emerging Asian currencies have been under pressure since the election results amid growing expectations that the Federal Reserve will hike interest rates in December. The People's Bank of China

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: