In recent years, one of the most important elements driving Malaysia's GDP development has been the increase in exports, which has been supported by the entry of foreign direct investment. Electrical and electronic items (36%), chemicals (7.1%), petroleum products (7%), liquefied natural gas (6%), and palm oil (5.1%) are Malaysia's primary exports. In terms of export partners, Malaysia's top five are Singapore (14%), China (13%), the European Union (10%), Japan (9.5%) the United States (9.4%), and Thailand (6%).
A higher than expected figure should be seen as positive (bullish) for the MYR while a lower than expected figure should be seen as negative (bearish) for the MYR.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.