just saw this....
Kazakhstan's currency just lost a quarter of its value

The main reasons the minutes were viewed as putting off the date of a rate rise are the wish of several committee members to see more signs of pressure on inflation, and also the concerns expressed about further risks from abroad.

And this Fed meeting took place before the yuan devaluation rocked world markets in August. A line from the report stating: "several participants noted that a material slow-down in Chinese economic activity could pose risks to the U.S. economic outlook" caused particular consternation.

Yet the minutes did not, in fact "present a new, more dovish, posture" according to analysts at Citi, as they showed that the committee is still concerned about maintaining the current ultra-low interest rates for much longer. As a result, the analysts now expects even those spooked Wednesday to come back soon to expectations of a September move.

"Most importantly, the July FOMC discussion highlighted the potential difficulties in identifying and managing the emergence of new risks resulting from prolonged low rates," they wrote in a research note Thursday.
http://www.cnbc.com/2015/08/20/the-fed-mig...ember-citi.html

1/4 is mild. rm's  -16%  is really not bad but maybe worse coming.
.......

1/4 is mild. rm's  -16%  is really not bad but maybe worse coming.

check brazilian, turkish, russian, nigerian, venzuelan currencies.

some countries driven to recession already.

the result of being commodities dependent.

here, we also depend on banglas.

...

this is something, better not discount it...

Our gomen all the while had been boasting about being diversify economy when all evidence show that we are actually diversify commodities. 

You mean increasing the share of hydrocarbons in total exports the past 15 years? That's is so not going to lead to disaster when some OPEC cucks wants to undermine everyone else's ability to produce and sell oil.

I heard Australia's hurting too because they allowed themselves to be commodity-driven (through mineral mining).

is china manufacturing driven...?? HK % S'pore...financial hubs? kena also?

the discussion is about currency, not economy or stock markets.

china imports and consumes loads of commodities from malaysia, australia, etc.

when they can't sell ther manufactured goods, they reduce buying, so commodity exporting countries suffer.

china, hk, sg problems are quite different...

yes...quite different...but are inter twined...guess 1 factor fall all related...different or not....but that is another thread lor.

bnm fx reserves will be ugly tmrw.

the commodity exporting countries which are mostly emerging markets are the worst hit.

because the currencies have gone so bad, people can't buy much or some essentials becoming scarce.

russia in recession, venezuela seeing riots. a few others incl nigeria and algeria are at "boiling point".

U think BNM can hold on to USD90 bil mark? 

  1/4 in a day      ...luckily we are in a pot of slow boiling water....16% in a few months and more to come?......

just read tis....
The Singdollar, like most Asian currencies, will keep falling against the greenback while the yuan may dip less after its heavy adjustment last week, he said. That will make Singapore exports cheaper.

The Singdollar has fallen 13 per cent against the greenback over the past year to $1.4048.

http://www.nationmultimedia.com/business/F...e-30267084.html

As you can see Ringgit Malaysia drop like mad in many ways aginst USD, SGD, RMB, Thai bath, New Taiwan dollar.
I want to change most of my savings RM to USD as.I believe it.might raised to one USD become 4 Ringgit malaysia.

Beside money changer is there a faster way to switch myr currency to USD??

10 Currencies That May Follow Tenge in Tumble Triggered by China
http://www.bloomberg.com/news/articles/201...ggered-by-china

MYR in the list... 

10 Currencies That May Follow Tenge in Tumble Triggered by China
http://www.bloomberg.com/news/articles/201...ggered-by-china

MYR in the list... 

1.00 USD  = 4.16 MYR