Bank Negara the market maker?


FILE PHOTO: Malaysian ringgit notes are seen among other currency notes in this photo illustration taken in Singapore March 14, 2013. REUTERS/Edgar Su/File Photo

IT has been a long time since we saw the ringgit non-deliverable forward (NDF) market or better known as the offshore market, close weaker than the onshore market.

First signs emerged yesterday afternoon and before the day was over it became evident as the ringgit closed at RM4.45 against the dollar in the domestic market while RM4.44 in the offshore market.

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Business , short , position , dec 3

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