Ringgit Falls; Foreign Bids Scarce at Bond Auction, Trader Says
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Ringgit falls 0.6% to 4.1530 per dollar versus intraday high of 4.1150.
Alert: HALISTER1- Some portfolio managers expected large foreign bidding at today’s auction, given its size at MYR4b ($963m), according to Asia-based fixed income trader
- NOTE: Malaysia sells 2023 bonds, lowest bid-to-cover ratio since November: data compiled by Bloomberg
Source: BFW (Bloomberg First Word)
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UUID: 7947283