Ringgit NDF market collapses after central bank curbs
“Implicit threat” to banks that continue trading non-deliverable forwards
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
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