we'll know tmrw from the data and other reports if there was accelerated selling of mgs today.

looks likely since bursa saw heavy selling too.



4.10 breached, what's next level... 4.20?

BNM close @ 4.081 today
U know when BNM will release Reserves position @ 15/8?

should be a working week from 15/8, i.e. 24/8. or 21/8?

This post has been edited by AVFAN: Aug 14 2015, 06:21 PM

Petronas records lower net profit
http://www.nst.com.my/node/96177

1st symptom of lower oil price which will have chain reaction on MYR

your predicted vision has come true!

here we go:

highest 4.25%, closing 4.21%.
http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield

there was speculation traders were at work this morning which might just explain the spike to 4.123 at 11.05am.

be prepared for higher petrol prices....

agreed with you , hard moment for all of us

Really so drastic until limit rm3k/withdrawal?

If I want to withdraw my matured fd, cannot la?

Crude could fall to $10 a barrel as the Organization of Petroleum Exporting Countries engages in a "price war'' with rival producers, testing who will cut output first, Gary Shilling, president of A. Gary Shilling Co., said in an interview on Bloomberg Television on Friday.

"OPEC is basically saying we're not going to cut production, we're going to see who can stand lower prices longest,'' Shilling said. "Oil is headed for $10 to $20 a barrel.''

http://www.bloomberg.com/news/articles/201...where-near-done

Guess myr still have way to depreciate further. If oil drop below $20/barrel, us$1 to myr 5 or 6?

This post has been edited by icemanfx: Aug 15 2015, 03:15 AM

Someone posted said peg to same rate 3.80 will happen soon / again? If u hold usd now, what will u do?? Sell usd to lock profit or continue hold or keep it for future oversea vacation trip?

At $10 per barrel, oil is cheaper than mineral water already...

If oil price continue to go lower, it is a supply destruction factor already, which serves as cushion at the downside.

Back 2000 time, it happened once (at the region of USD20), which was supply destruction, which lead to not enough supply after 5-7 years later, which prompt oil price to shoot up as high as USD140 afterwards during 2006~2007 time.

Middle east oil producers could be on this strategy as they could afford.

They can afford but small oil producing country like us... Die very soon.

My original thread title was "ringgit Malaysia drop like fck"

Someone changed it.

more likely low 30's, 4.50 will be seen.

faster faster buy investment grade gold or silver bar now....buy later price would be super duper high.....

Gold price ratio to silver is traditionally 50, currently is over 70. Gold price is likely to fall further and could be worst off than myr.

only MOD or Staff of lyn can change it

we cannot change other pipu thread title or edit

I thnk we need more details on this withdrawal limitation. Is it per day, per person, over-the counter only, TT or what else ? I have predicted earlier to my family that the effects from the Greek fallout could hit Malaysians in the same way. This is now coming true. Greece was Eur 60 per day per person.