Reported about 1 month ago
Investors are increasingly purchasing Malaysian bonds without hedging, driving up the ringgit, which has become the best-performing currency in Asia this year. In August, foreign funds bought a record 8.1 billion ringgit ($1.9 billion) in Malaysian government bonds, as the unhedged investments became more lucrative. This growth can be attributed to positive expectations for Malaysia's economy, lower bond yields, and manageable inflation, although future inflows may slow if U.S. economic data doesn’t align with current dovish Federal Reserve expectations.
Source: YAHOO