OKay,... demand poor from China, that's why the PBOC needs to initiate more stimulus. Demand poor means oil price can't go up. Hence, it's oil price drops causing the PBOC to cut rates.

what china is doing is obvious - they will do what it takes to keep >7% gdp growth.

devalue, cut rates to allow cheaper rmb to export more.

if it gets worse, they will devalue again.

this put downward pressure on currencies of major trading partners be it rm, aud or sgd.
i missed this forecast made a month ago, looking realistic now.

Following the "rumours" last time, the update says the "domestic issues" will be solved by 1H16 when "the company" passes the debt to other companies and wind down the exposure. This is the only worry by foreign funds now. Other fundamentals like current account, budget deficit, inflation, unemployment, etc will go back to the "old normal". By then, RM will back to stable like past few years and only the usual external factors like oil price, USD rates hike, Euro/Japan/China QE will affect the RM drastically

The above is from my "source", who predicted <4.00 by 1H16. Sounds plausible to me

Yes, cash with no yield is "useless". 

Aka invisible hands 

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.

Huh?

1.00 SGD = 2.98410 MYR

just checked.

my bank, buying usd still 4.2215.

i wait for a buy at <4.20.

hope yr rumor will keep going!