Fitch says negative fiscal pressures are building in Malaysia unless the govt address structural weaknesses in public finance. The rating agency added that the upcoming elections are likely to draw the govt's attention away from improving fiscal policy management and implement structural fiscal reforms. In addition, greater foreign holdings of MYR-denominated debt have increased the nation's risk to negative impact from risk aversion. On FX, USD/MYR remained sideways gait a tad under 3.1000 ahead of Jul trade data which is due shortly at 0401GMT. BA
Forex Market Alerts
Forex - Malaysia Flows: USD/MYR; Fitch: negative fiscal pressures building up in Msia
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