THERE are a number of factors that influence the movement of a currency, and foreign fund flow is one of them.
Just like how strong net exports drive up the demand for the exporting nation’s currency, and in turn cause the local legal tender to appreciate, a net inflow of foreign funds such as in the form of portfolio and direct investments would also boost the domestic currency.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
