The price has been hovering around 4.20-4.30 for quite some time. Nothing exciting. Perhaps now is the time to trend upwards towards 4.40 or resistant remains and will settle around 4.28 level?

Could it be due to Yellen remark of 'live possibility' of rate hike in Dec,

Yellen comment

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

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

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.

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

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

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

u that old?   

unker avfan 

 

so basically unker 

how I wish to live tat time.. cost of living cheap. no rasict crap.

MYR rate also kinda okay 

I am more unker than you 
Live rate now 4.3995

Another 5 pips b4 4.40 

USD did not rise as much as anticipated despite the higher probability of rates increase in December. Maybe Aunty has cried wolf too many times until market is skeptical about her decisiveness ?

If I don't put in my signature, everyone forget already 

I think unker will lose. Because unty will not increase rates. ASx people is not dumb after all. In fact if RM stay below 4.40, it was a good decision not to convert to USD at that time

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. 

..

Unker Dreamer TP of 4.70 year end would be achieved or not 

Neither. I will convert to SGD and transfer to Singapore and put in SGX when those bank stock/telco/reits fall further 

All these using RM50k ? 

Y wait when u can grab the seller price