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Taming of Asia's most volatile currencies creates new danger
Traders become complacent as they are deprived of the experience to cope when fluctuations inevitably return
Ringgit volatility has shrunk by two-thirds this year to 2.95 per cent. It has stayed between 4.25 and 4.30 per US dollar since the end of May, compared with 3.85 to 4.49 last year.
PHOTO: REUTERS
Kuala Lumpur
POLICYMAKERS in Indonesia and Malaysia have been so successful in quashing currency volatility that this is breeding a new danger: complacency.
Traders are being deprived of the experience to cope when fluctuations inevitably return, according to PT Bank OCBC NISP in...
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