Malaysia's forex market more efficient now

Will the ringgit weaken in the wake of the US tax reforms and interest rate hikes?

PETALING JAYA: Bank Negara says there are encouraging signs of improvement in the balance of demand and supply of foreign currency that has resulted in a more efficient foreign-exchange (forex) market.

This is following the implementation of several initiatives, including the requirement that exporters convert 75% of their earnings back to ringgit.