4.44 = Die die die? Bad omen?   

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.

4.44 = Die die die? Bad omen?   

One of the reason y Banks raise FD rate is their LTV is very High

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.

One of the reason y Banks raise FD rate is their LTV is very High

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

There is no relationship between bank deposits n Asx as both have different features

They need deposits to cope with loan growth

Banks’ dollar borrowing adds layer of risk to Malaysia’s creeping crisis - See more at: http://www.themalaysianinsider.com/malaysi...h.egEbyCvX.dpuf

4.370.

The dollar remained aloft in Asian trade on Monday, after soaring to nearly seven-month highs against a basket of currencies as robust U.S. employment data prompted more investors to bet on an interest rate increase by year this year.

U.S. nonfarm payrolls rose 271,000 last month, far exceeding the 180,000 new jobs for October economists polled by Reuters had predicted. Following the report, 15 of 17 primary dealers, the banks that deal with the U.S. Federal Reserve directly, said they expect it to raise rates at its next meeting in December, according to a Reuters poll.

Interest rates futures were pricing in a 70 percent probability that the U.S. central bank will raise borrowing costs next month, according to the CME Group's FedWatch.
http://www.cnbc.com/2015/11/08/dollar-soli...y-year-end.html

8 Nov 2015 18:40 UTC - 9 Nov 2015 06:40 UTC
USD/MYR close:4.36702 low:4.34882 high:4.37785

Slow and steady. Patiently waiting for 4.40 by Friday...

your wish might come true 

Think 4.40 not a problem. Problem is whether target 4.50 can be reached by the end of Nov? 

The USDMYR traded at 4.38 MYR on Monday November 9, according to interbank foreign exchange market quotes. The Malaysian Dollar averaged 2.91 from 1972 until 2015, reaching an all time high of 4.71 in January of 1998 and a record low of 2.10 in October of 1978.
http://www.tradingeconomics.com/malaysia/currency