As long as the guessing game on the Federal Reserve’s (Fed) policy persists, capital flows will remain volatile and so will the Bank Negara’s external reserves, according to Maybank Investment Bank Research.
This could stabilise or reverse last month’s net foreign selling in equities and bonds, in turn helping to support the gradual rise in external reserves, on top of other factors like the sustained trade / current account balance and net foreign direct investment (FDI) flows, it added on Wednesday.
Latest indication is that the Fed may yet again postpone interest rate hike following the release of weaker than expected non-farm payrolls, although Fed chair Janet Yellen had maintained that US interest rate will increase gradually.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
This could stabilise or reverse last month’s net foreign selling in equities and bonds, in turn helping to support the gradual rise in external reserves, on top of other factors like the sustained trade / current account balance and net foreign direct investment (FDI) flows, it added on Wednesday.
Latest indication is that the Fed may yet again postpone interest rate hike following the release of weaker than expected non-farm payrolls, although Fed chair Janet Yellen had maintained that US interest rate will increase gradually.
No comments:
Post a Comment