USD/MYR drop, V2
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 Oct 8 2015, 09:23 AM
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#61
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All Stars
18,407 posts Joined: Oct 2010 
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QUOTE(prody @ Oct 8 2015, 09:01 AM) I doubt the rumour is the cause. The Ringgit is not the only emerging market currency that appreciated yesterday. Sounds like those ministers who said "our currency is not the only one depreciated". It is the quantum. This post has been edited by MGM: Oct 8 2015, 09:25 AM |
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Oct 9 2015, 08:53 AM
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#62
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All Stars
18,407 posts Joined: Oct 2010
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Oct 9 2015, 02:19 PM
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#63
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All Stars
18,407 posts Joined: Oct 2010
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What if 1MDB is taken off from d equation? What if 1MDB is liquidated, assets sold, debt paid n still have a small surplus within 6mths? Would that makes any diff? Just dreaming.
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Nov 24 2015, 08:15 AM
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#64
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All Stars
18,407 posts Joined: Oct 2010
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So China is selling US treasuries when USD is high and buying emerging countries' govt bonds when their currencies at their lowest? That must be one of the reasons for the uptick of these currencies.
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Nov 24 2015, 09:14 AM
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#65
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All Stars
18,407 posts Joined: Oct 2010
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QUOTE(cherroy @ Nov 24 2015, 09:10 AM) China doesn't need to sell US treasuries in order to buy emerging countries bonds, they have significant trade and current account surplus every year that provide enough funding to buy overseas bonds or asset. YES, no more 東亞病夫 (Sick Men of East Asia), small change for China.A few ten of bil is nothing as compared to its foreign currencies size of USD 2-3 trillions. But those few ten bil could prop up the China image as a good friendly and big country that emerging countries can rely upon. |
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