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 USD/MYR drop, V2

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TSwil-i-am
post Nov 6 2015, 10:33 PM

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QUOTE(tidurking @ Nov 6 2015, 10:14 PM)
Holy fuack suddenly jump to 4.38 due to strong usd haih...
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The quoted rate is not reliable
TSwil-i-am
post Nov 7 2015, 06:51 AM

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QUOTE(AVFAN @ Nov 6 2015, 11:32 PM)
excellent usa jobs report.

incr chance of rate hike in dec.

rising us bond yields.

crude approaching 44.

usd/euro 0.932.

rm... not hard to estimate what it will be on monday...
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Fasten yo seatbelt b4 MYR accelerate to 4.44 icon_idea.gif
TSwil-i-am
post Nov 7 2015, 05:23 PM

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QUOTE(cherroy @ Nov 7 2015, 01:07 PM)
If not mistaken, I came across an article/report saying that foreign currency deposit was surging more than 30% during September period, so liquidity is not a major issue.

Just banks FD portion is not raising as much which banks need to undergo good FD promotion rate to attract more FD, at the same time Basel III does have an effect for bank to chase after more FD.
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One of the reason y Banks raise FD rate is their LTV is very High
TSwil-i-am
post Nov 7 2015, 05:30 PM

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QUOTE(ikanbilis @ Nov 7 2015, 03:00 PM)
4.44 = Die die die? Bad omen?  shocking.gif  sweat.gif
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From another angle, it means Eat Eat Eat icon_idea.gif
TSwil-i-am
post Nov 8 2015, 08:25 AM

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QUOTE(cherroy @ Nov 8 2015, 08:10 AM)
LTV has nothing to do with higher rate of FD being offered.

It is about FD growth cannot keep up on pace with loan growth.
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They need deposits to cope with loan growth
TSwil-i-am
post Nov 8 2015, 10:52 AM

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QUOTE(supersound @ Nov 8 2015, 08:49 AM)
Well, our government bankrupt already but cannot simply release more ASW or what ever Amanah Saham to non bumi to raise funds, since the dividend has to be > 5% only can attract people to dump money in.
So they have to use local banks to raise funds without need to spend more on dividends.
Increasing OPR now will not be an option since most Malaysians are having DSR of >85%. As long as no OPR increase, USD will remain strong while RM will like a shopping mall's toilet paper = no value whistling.gif
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There is no relationship between bank deposits n Asx as both have different features
TSwil-i-am
post Nov 9 2015, 09:51 AM

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Glad to c it goes up slowly
TSwil-i-am
post Nov 9 2015, 06:24 PM

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QUOTE(ikanbilis @ Nov 9 2015, 05:36 PM)
4.3816 now

2 cents to reach my first target....
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Wat u gonna do if MYR hit 4.40?
TSwil-i-am
post Nov 9 2015, 08:51 PM

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QUOTE(happyking4ever @ Nov 9 2015, 08:06 PM)
Sigh today drop again. What is causing it?
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Crude oil drop
TSwil-i-am
post Nov 9 2015, 09:09 PM

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QUOTE(KTCY @ Nov 9 2015, 09:06 PM)
drop meh ? unsure.gif
http://www.investing.com/commodities/crude-oil
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M refer to last Fri
TSwil-i-am
post Nov 9 2015, 10:04 PM

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QUOTE(Showtime747 @ Nov 9 2015, 10:00 PM)
Live rate now 4.3995
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Another 5 pips b4 4.40 icon_idea.gif
TSwil-i-am
post Nov 10 2015, 07:20 AM

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Both WTI Crude Oil n Brent Oil down to USD43.87 n USD47.28
Stocks slide worldwide on bets Fed up int rate
MYR could re-test 4.45 level tis week which was the previous High in end Sep 2015
TSwil-i-am
post Nov 11 2015, 04:25 PM

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QUOTE(ikanbilis @ Nov 11 2015, 03:56 PM)
I'm doing the opposite. Today i just transferred usd10k back to malaysia. Probably after conversion i will get RM43600 only. Going to dump into asw/asm soon. Maybe i am dummy.  sweat.gif

..
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I will standby u icon_idea.gif
TSwil-i-am
post Nov 11 2015, 08:42 PM

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QUOTE(AVFAN @ Nov 11 2015, 08:06 PM)
hohoho...

singtel one of them, is it?

been waiting for 3.5x until my neck got stiff. laugh.gif
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Y wait when u can grab the seller price tongue.gif
TSwil-i-am
post Nov 11 2015, 11:24 PM

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QUOTE(enticing188 @ Nov 11 2015, 09:07 PM)
will it drop till 4.5?
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Perhaps an astrologer have answer icon_idea.gif
TSwil-i-am
post Nov 12 2015, 08:41 AM

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QUOTE(prophetjul @ Nov 12 2015, 08:37 AM)
It may quite fast.

Petronas just took another tumble!

Loss of 560mil last qtr......our budget will be screwed big time!
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I tot Petronas registered small profits
http://m.thestar.com.my/story.aspx?hl=Petr...710E6EE97A02%7D
TSwil-i-am
post Nov 12 2015, 01:47 PM

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QUOTE(prophetjul @ Nov 12 2015, 11:55 AM)
Anyone who can help out is welcome!
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Some bankers define as govt linked institutions
TSwil-i-am
post Nov 12 2015, 10:52 PM

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QUOTE(cpng75 @ Nov 12 2015, 10:47 PM)
Bond market hit another high volume about $1.8 billions and the 10 years bond yield climb to 4.33%.

Another new outflows on the way.

http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield
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Local institutions will absorb any negative impact
TSwil-i-am
post Nov 13 2015, 06:53 AM

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QUOTE(AVFAN @ Nov 12 2015, 11:48 PM)
it was holding good at 4.1x% for many days.

this is probably due to petronas' poor report card and crude falling yet again.

mgs holders know we WILL be borrowing more money.

crude went below 42 just now, heading for 40, i think.

the pain is not over.
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All tis data is just the tip of the iceberg brows.gif
TSwil-i-am
post Nov 13 2015, 10:43 AM

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Despite all the doom n gloom, MYR is still holding on to 4.38 +/-
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