Malaysia relaxes FX regulations

"[The liberalisation] makes it easier for money to leave and enter Malaysia, and so for non-residents to hedge their currency exposure," said Hak Bin Chua, director of Asia-Pacific economics and market analysis at Citigroup in Singapore. "There's a lot more scope to provide hedging options and opportunities for clients, more volumes in trading."

An FX trader in Kuala Lumpur said the move would develop the market, but added the immediate impact was limited. "The liberalisation is mostly