Trade surplus increase. That's good news right?

🌋

1.00 USD  = 3.89225 MYR 
Moving closer to 3.90 mark

Why investors are snubbing Malaysian 'bargains'
http://www.cnbc.com/2015/08/05/why-investo...stack:topnews:1

Cannot simply increase interest rate as tis will Kill the economy

FYI, USD is increasing against most major currencies in the pacific region... Aussie, Sing D, Rupiah, etc... we are not alone... so if BNM smart, there won't be any peg until USD reach 4.5 and above. let MYR naturally gain confidence again next year onwards...

“The market is probably getting nervous because reserves are expected to fall below the psychological $100 billion mark given that Bank Negara is seen to be intervening to smooth out volatility in recent sessions,” said Nizam Idris, the Singapore-based head of foreign-exchange and fixed-income strategy at Macquarie Bank Ltd. The second-most accurate forecaster for the ringgit in the four quarters through June in Bloomberg rankings predicts they may come in at $96.5 billion.
http://www.bloomberg.com/news/articles/201...erves-mark-eyed

Malaysia government's five-year bond yield rose to 3.708%, its highest since June 29. The 10-year yield also advanced to 4.091%, the highest since June 17. – Reuters, August 6, 2015. - See more at: http://www.themalaysianinsider.com/malaysi...h.eddeubYb.dpuf

Malaysia's manufacturing sector continues to worsen in July to the second-weakest in over two-and-a-half years, according to the latest survey from the Nikkei and Markit Economics released on Monday.
According to the Nikkei manufacturing purchasing managers' index, Malaysia's score rose slightly from 47.6 to 47.7.
Any reading under 50 indicates a contraction in activity.
http://www.malaysiakini.com/news/307597

Alright guys, the legend who predicted MYR will drop to RM4 is right here, anybody want signature from me xD?

i bought USD100k @ 3.78.. i will sell it when it reach 4

MARKETSMalaysia FX reserves sink to 5-yr low under $100bn
An hour ago
URL Twitter
Malaysia's foreign exchange reserves have dropped below $100bn for the first time since 2010, with the ringgit falling quickly and testing new 17-year lows.
The foreign currency reserves stood at $96.7bn on 31 July, the central bank said today, down from a peak of $140bn in 2013, writes Joel Lewin.
The currency has slipped more than 18 per cent in the last 12 months, as oil prices slide and the strengthening US dollar puts pressure on emerging market currencies. Smaller reserves gives the central bank less firepower to fight back.
The central bank's reserves are sufficient to finance 7.6 months of retained imports and 1.1 times the short term debt.
http://www.ft.com/intl/fastft/373051/malay...00bn-5-year-low

http://english.capital.gr/News.asp?id=2354532

Will capital control be imposed, asks Guan Eng as ringgit continues to plunge - See more at: http://www.themalaysianinsider.com/malaysi...h.OYjbRKnd.dpuf

1.00 USD  = 3.93650 MYR 
Still stubborn to move North

One analyst targetting 4.10 by year end, Credit Suisse if im not wrong.

Malaysia’s recent political instability has only exacerbated fears already present in what has been described as a miserable year for emerging market currencies.
Among those countries, Brazil and Russia are said to be in recession, Turkey’s economy is slowing down, and the currencies of Chile, Colombia and Mexico have all struggled.
The Ringgit, however, is Asia’s worst performing currency this year, having lost 9.8% against the US Dollar, as compared with Thailand’s Baht (6.4%), the Philippines Peso (2.2%) and even Indonesia’s Rupiah (8.4%).
On the economic front, Malaysia has suffered from an overreliance on commodities, the report says.
Oil, which represents 30% of Malaysia’s revenue, has suffered a fall in prices which has impacted its economy more severely than Thailand and Philippines, which have stronger manufacturing sectors.
The economic slowdown in China, a major export destination for Malaysia, has resulted in Malaysia suffering a reduced export income.
Malaysia’s foreign reserves have also dipped to below US$100 billion, an indication that Bank Negara has been heavily involved in propping up the Ringgit.
http://www.freemalaysiatoday.com/category/...says-economist/

It's been short since couple of weeks ago, especially in MV.

A lot of money changers have been hoarding USD gradually since tis yr

Imagine what happens if we have only a 1.2-2% GDP.. Our neighbours (Singapore,Thailand,India, etc) have all increased their interest rates to stem the flow of foreign money outflows. Bank Negara have not even started using interest rates to counter outflows yet. For people like you and me, it will be good if you have a lot of savings in the bank as banks are desperate for deposits and any increments in interest rates will see your deposits slowly grow. However, if you have a lot of debts compared to deposits and you still day dreaming.. better be careful, any increase in interest rates + unemployment + less bonus + less increment is going to be like a lawn mower, chewing you up on the inside..

AUD rises. Everybody has been expecting RBA to reduce the interest rate further and AUD further weaken. Then BANG !! RBA governor suddenly says he is comfortable with the current interest rate and will keep at that level, and immediately AUD appreciated

So unpredictable. Anything could happen. And can happen over-night. Like if 1 bomb in middle east, then oil rises, then everything change immediately 

Ya its not about fundamental. Malaysia's economy is much more promising than australia. But our RM valuation is in a mess ! Until our A+ governor's word become tak boleh pakai. Because the whole world no more confidence in the managers handling the economy

Trust deficit, crisis of confidence causing ringgit to fall, says Khairy - See more at: http://www.themalaysianinsider.com/malaysi...h.9QUNIQ6N.dpuf

Wow I am surprised those in charge knew they themselves are the problem     

Markets will favour ringgit despite plunge, says minister - See more at: http://www.themalaysianinsider.com/malaysi...h.IRuzYHb4.dpuf

Forex, not oil price, caused ringgit to fall, says minister - See more at: http://www.themalaysianinsider.com/malaysi...h.WopTDY8C.dpuf

At least got 1. Which surprises me 

Ringgit weakens to fresh level vs US dollar at 3.94370