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 Ringgit leads Asian currency gain

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junkeat
post Mar 17 2010, 02:12 AM

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I think gov will defence MYR.
It is the best moment for MYR to appreciate.
junkeat
post Mar 17 2010, 11:46 PM

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QUOTE(SeeD @ Mar 17 2010, 07:42 AM)
Best moment for how long mate? No country in this world can defy the rules of the game the Americans are playing.

Now they say, "our money is becoming less in value".

Our money appreciated because our economists are probably lazy? laugh.gif
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Until a country wan to do something to reflect the issue.

Things that i have consider:

1. China having hyper inflation problem so lot major country dont dare to make a move before China announce about their currency value.

2. Greek having problem over there. Euro do need to consider to recover them

3. USD still having recession, they have not much money to defence their currency, Obama need to launch his medical revolution. Initially they having money problem, but he insist to giving benefit to US citizen. So US totally won't take action in this.

4. UK wont to do anything alone just because they dun have agreement between few major country.

Conclusion, with current situation, Malaysia gov will import lot good from other country but they will keep them but not selling them. just dont wan to depreciate MYR.

They will only replenish stock after MYR back to normal since they already use to import stock as normal rate. So it wont be a pain to Malaysia.

 

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