lol went back below 4.30

1.00 USD  =  4.29932 MYR

Amid Growth Risks, Weak Ringgit

Government says Malaysia may miss trade targets this year
Currency is the worst performer in Asia vs dollar in 2015

Malaysia’s central bank left interest rates unchanged for an eighth meeting as policy makers juggle risks to economic growth while contending with a currency that’s the worst performer in Asia this year.
Bank Negara Malaysia kept the overnight policy rate at 3.25 percent, it said in a statement in Kuala Lumpur Thursday. The decision was predicted by all 21 economists surveyed by Bloomberg News.
Prime Minister Najib Razak is counting on domestic demand to shore up a cooling economy as global growth falters, pledging to boost consumption, spur private investment and accelerate selected infrastructure projects next year. While Malaysia’s biggest trading partners of China and Singapore have both eased monetary policy in recent weeks, it is constrained by a currency that has depreciated about 19 percent this year.
“Growth risk is a main concern now, although we’ve seen rising costs of late,” Julia Goh, a Kuala Lumpur-based economist at United Overseas Bank Ltd., said before the decision. "Our projection is for them to hold for at least into the first half of next year.”
http://www.bloomberg.com/news/articles/201...ks-weak-ringgit

rm cannot get stronger, growth at risk.

BNM kept OPR unchanged
Gud news for borrowers but bad news for MYR

BNM kept OPR unchanged
Gud news for borrowers but bad news for MYR

If not because of myr depreciation, monetary easing would be on the card.

Global funds raise Malaysian bond holdings as ringgit rallies
http://www.thestar.com.my/Business/Busines...lies/?style=biz

Surprisingly foreign investors make a U turn

Holy fuack suddenly jump to 4.38 due to strong usd haih...

Holy fuack suddenly jump to 4.38 due to strong usd haih...

seriously   

4.50 next week 

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...

Fasten yo seatbelt b4 MYR accelerate to 4.44 

My comments : The banks are not getting enough deposits from their customers. This does not mean there is not enough liquidity in the system. It simply means people are putting their money elsewhere. So the banks will have to raise their deposit rates to attract deposits. Ultimately they will also raise their interest rates (to cover the higher deposit rates). My concern is that there is not enough new economic activity in the country to use up all that money. We will have plenty of Ringgits floating around chasing too few economically viable projects. This will lead to more inflation. Also the value of the Ringgit will fall again.
I am surprised about the banks now taking US$ deposits. This will cause more Malaysians to convert their Ringgit to US$ and place it in US$ deposiits. The Ringgit will fall even more.

below is just a personal opinion from a blogger but i think it has some validity in it:

Really?    

Fasten yo seatbelt b4 MYR accelerate to 4.44