another retard in the making of suggesting pegging. u think this 1mdb has the ability to push usd myr from 3.2 to 3.7 in less than 6 months?
come on, 1mdb do have effect on malaysian currency depriciation, but is very minimal.
for those keep emphasizing sgd myr another record high, pls bear in mind, strong sgd vs usd which lead to strong usd vs myr is very Bad for singapore economy in mid term.
the main reason of usd strenghtening againts myr is because USD or USA will for the first time after many years to increase INTEREST RATE.
All this hot easy money when US is busy contemplating quantitative easing, or print money will eventually flow back to USA.
the main culprit of rapid drop of USDMYR is also the rubbish work of BNM that increasing rate too high from 2012 till now. instead, they should have maintain the rate till now.
Consumer Groups: Don’t Panic Over Ringgit Drop,, Just Buy Made-In-Malaysia More News
Jul 7 2015, 11:46 AM
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