1.00 USD = 3.82530 MYR
US Dollar ↔ Malaysian Ringgit
1 USD = 3.82530 MYR 1 MYR = 0.261418 USD

Public Bank Forex TT already 3.8630

1.00 USD = 3.90552 MYR
US Dollar ↔ Malaysian Ringgit

1.00 USD = 3.93100 MYR
US Dollar ↔ Malaysian Ringgit

1.00 USD = 4.10330 MYR
US Dollar ↔ Malaysian Ringgit

1.00 USD = 4.08057 MYR
US Dollar ↔ Malaysian Ringgit
1 USD = 4.08057 MYR 1 MYR = 0.245064 USD

China market slump: Central bank cuts interest rates

China has reduced its main interest rate to boost growth in its economy.

The People's Bank of China cut its key lending rate by 0.25 percentage points to 4.6% in an effort to calm stock markets after two days of turmoil.

It is the fifth interest rate cut since November and will take effect on Wednesday.

http://www.bbc.com/news/uk-34052618

Oil skyrockets up to almost $50 a barrel

Oil prices have a long history of violent swings. But even by those standards, crude just experienced an incredibly extreme move.

Just a week ago oil plummeted below $38 a barrel for the first time since 2009 with little end to the pain in sight.

Flash forward to today and oil is racing back to nearly $50 a barrel. That amounts to a 30% spike in the span of merely a week. Over the past three days alone crude enjoyed its largest percentage gain since August 1990, according to The Wall Street Journal.


http://money.cnn.com/2015/08/31/investing/...=hp-toplead-dom

Oil Caps Biggest Three-Day Gain Since 1990 as OPEC Ready to Talk

by Mark Shenk


August 31, 2015 — 7:11 AM HKT
Updated on September 1, 2015 — 4:04 AM HKT


Oil capped the biggest three-day gain in 25 years after OPEC said it’s ready to talk to other global producers to achieve ‘fair prices’ and the U.S. government reduced its crude output estimates.

Crude traded in New York surged 27 percent in three days, the most since August 1990 when Iraq invaded Kuwait. Both West Texas Intermediate and Brent benchmarks have climbed more than 20 percent from their closing low on Aug. 24, meeting the common definition of a bull market. The Organization of Petroleum Exporting Countries, responsible for about 40 percent of the world’s supply, said in a monthly publication it’s willing to talk, “but this has to be on a level playing field.”

Prices erased last week’s drop to a six-year low as the OPEC comments and signs that the U.S. shale boom is fading faster provided optimism that a global supply glut will evaporate sooner than estimated. A measure of oil-price fluctuations rose to a five-month high as traders sought protection from market swings.

“The market turned around on two pieces of news,” Phil Flynn, senior market analyst for Price Futures Group Inc. in Chicago, said by phone. "The EIA cut its U.S. output estimates and OPEC says its ready to talk to others about cutting output."

http://www.bloomberg.com/news/articles/201...9-as-rigs-climb

1.00 USD = 4.20320 MYR

Crude Oil (WTI) -1.44
43.97 -3.17%
6:51PM EDT

1.00 USD = 4.23840 MYR

1.00 USD = 4.29880 MYR
US Dollar ↔ Malaysian Ringgit

Yeap 250k is more like for Wholesale Funds and wholesale requirements need RM 3m in assets

I too have DCI account with Alliance Bank at much less than RM250k