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> Consumer Groups: Don’t Panic Over Ringgit Drop,, Just Buy Made-In-Malaysia More News

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cactus1
post Jul 7 2015, 11:46 AM

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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.
cactus1
post Jul 7 2015, 12:13 PM

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QUOTE(AllnGap @ Jul 7 2015, 11:58 AM)
Correct USD strengthening

BTW, federal reserve won't raise interest rate.
It is US tightening the monetary flow back to USD.

From the charts I think USD has hit maximum strength d.
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singapore could not afford to have strong usd vs sgd. i do not know where u get the info USA will not increase rate. to me, it is 100% rate hike, this is why, not just MYR is depreciating, most asia currencies are not spared.

if USA indeed rate hike in september, then good luck in my stock market.

if we have a strong usd vs myr, petronas coffer will be empty by now ( exageratting ), coupled with low oil price.

all these are not as simple as 42 billion Najib 1mdb issue. hundreds of billions are invloved.

to give u all a hints, low currency is the base in pushingeconomy for a manufacturing or export nation.

greece affect malaysia? puke, this is a damn lazy ass nation with gdp less than 0.3 globally.
cactus1
post Jul 7 2015, 12:16 PM

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if 1mdb and najib issue become breach of criminal, this is not just affect foreign player run out from malaysia temporaly, but the most important issue is, THE INTEGRITY OF BANK NEGARA MALAYSIA.

Zeti should resign now to.path way for investigation. for mr najib, i have no comment, as u all know, malaysia, with 1 million ringgit, u can buy everyone include judge.
cactus1
post Jul 7 2015, 12:27 PM

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do not use the word slumped, it is a strong words. of course export decrease, especially south east asia, as everyone is feeling the heat of china slowdown.

why gdp and export of malaysia slower, come on, in 2014, when malaysia ringgit is 3.2 times 110 usd per barrel oil, againts now, 3.70 myr times 60 usd per barrel oil, what is the difference?

cpo, 3.2 times peak at 3000 myr againts 3.7 times 2200 average nowadays, how much the different.

the economist are mot genius or as smart as engineering field, they only use final sales amount figure to configure gdp, this is also why, only top students are doctors, engineers, not economist.

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