The NEER and REER page has been updated, as has the Google Docs version.
Summary
August was not a good month for the Ringgit, with drops posted across all six indices. Most of the losses were due to safe haven buying of the JPY and EUR, along with skepticism over the trajectory of US policy, both fiscal and monetary. The result was a -1.21% mom decline in the Narrow Nominal Index and a –1.17% drop in the Real Narrow Index.
On a bilateral basis it was a mixed bag, with gains recorded against 7 out of 15 currencies. The biggest drops were against the EUR (-2.31%), the JPY (-2.21%), the CNY (-1.42%), the AUD (-1.30%), and the THB (-1.26%). The largest gains were against the PHP (+0.84%) and the GBP (+0.47%).
Changelog:
- Indexes have been updated to August 2017
- CPI deflators and forecasts have been updated for July/August 2017
- Trade weights have been updated to 2Q2017, which entails revisions for Mar-Jul 2017
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