USD all the way!!

If MYR improves to 4.00 I will buy big lot.

In future, we may see people (mad crowds) lining up at money changers. By that time.. Uh oo. Watch for the top. But that will be many months away.

Forex is like commodities, short term movement could be deviated from long term trend. People looking at tree/short term price movement may miss the forest/long term trend. Long term economic equilibrium always prevail. MYR forex is expected to worsen before stabilizing.

Until Yuan can be international traded, it will be limited.

You need a currency that easily being traded offshore and everywhere in the world to become a dominance and highly after by countries all over the world as reserves currency.

it's always calm before the storm.

i am watching china's data for next few weeks/months. i see that driving commodities prices and hence currencies.

even fed/usd appears mindful of that.

interesting observation. is it true?

my take is 1/3 sees no effect/dun care, 1/3 feel the pain but accept quietly and 1/3 agonizing/struggling.

imported inflation has only just started; by early next year, that may change dramatically.

the bad news is even if rm goes <4.0 later next year, i can't see how consumer prices will come down - they never do.

People who are used to it:
1 It doesn't affect them (yet) or they think it doesn't affect them.
2 Too rich to care.

I'm definitely not used to seeing a 17k imac.

Most average joe don't have alternative or ability to foresee but to accept what is coming when it comes. The impact will be similar to when MYR/USD changed from 2.5 to 3.8.

Official inflation rate will be below 4%.

This post has been edited by icemanfx: Oct 18 2015, 04:40 PM

u ought to be more optimistic.

it will be <3.5%. aug 2015 was only 3.1%.

official inflation is very hard to rise in msia; has never crossed 3.5% since 2009.
http://www.tradingeconomics.com/malaysia/inflation-cpi

but we know urban-suburban reality is 2.5 times that, i.e. 8-9%.

This post has been edited by AVFAN: Oct 18 2015, 07:44 PM

Wat is the direction of USD/MYR next week?

It really does seem like the proverbial frog in hot water, people (especially Malaysians) complain about a lot of things at first but eventually they just get used to it.

well, frogs have been around for a long time and are still around.

and hot water is easy to make.

USD/MYR seems to be turning up today. 4.22

To be frank, in the long term, USD will appreciate in my opinion due to the interest rate differences between Malaysia and US after the hike. Since Zeti do not and quite hard on the interest rate rise, i think Malaysia will have a tough time ahead.

The sudden rocket of the previous few weeks was due to fear and herd mentality. But i expect most of the negativity already been factored in and the level should be roughly between 4-4.30.

RM5 is a bit too far fetch. i doubt our Msia economy with its GDP standing at reasonable level to have that bad of a level.

crude stable, china data not all bad, most asian currencies gained/flat vs weak usd today... but rm fell almost 1%.

most likely reason is market jittery what bijan budget on fri, how to deal with much less oil money and more br1m... widen deficit further, tax more, borrow more? there is good reason to think the rm will weaken further for now.

if Friday budget nothing good, I guess Monday will be red and shoot up USD/MYR again

U will long or shot USD?

long

What happen to SGD?

It's increasing like mad....

Thx for the articles. USD/MYR manage to make new high this week 4.26 thus possibly beginning another upleg.

Honda Malaysia says to raise vehicle prices by 2% to 3%
http://www.thestar.com.my/Business/Busines...ices/?style=biz

Better buy Honda quick by tis Christmas...

was decreasing against USD tho