Rubbbish la when recover...
USD/MYR drop, V2
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 Sep 29 2015, 09:42 AM
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Junior Member
6 posts Joined: Sep 2015 From: Alor Setar 
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Sep 29 2015, 09:47 AM
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All Stars
24,427 posts Joined: Feb 2011 
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Is going down and down everyday. Wonder how long the free fall will last.
This post has been edited by Ramjade: Sep 29 2015, 09:47 AM |
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Sep 29 2015, 11:21 AM
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Senior Member
10,001 posts Joined: May 2013
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Ringgit depreciates after Zeti says no pressure to up Malaysian interest rates
http://www.theedgemarkets.com/my/article/r...-interest-rates May touch 4.50 tis week |
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Sep 29 2015, 11:35 AM
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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everyday getting weaker.
next stop @ 4.50 could be within tis week  |
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Sep 29 2015, 11:38 AM
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All Stars
24,471 posts Joined: Nov 2010
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QUOTE(wil-i-am @ Sep 29 2015, 11:21 AM) Ringgit depreciates after Zeti says no pressure to up Malaysian interest rates zeti also said:http://www.theedgemarkets.com/my/article/r...-interest-rates May touch 4.50 tis week  QUOTE "It's not up to the rating agencies. It's up to us to tell our story to the market, just like we did before. - See more at: http://www.themalaysianinsider.com/malaysi...h.XvadF2W1.dpuf fx reserves... QUOTE Weak Reserves Spur Ringgit's Biggest Quarterly Loss Since 1997 http://www.bloomberg.com/news/articles/201...loss-since-1997 yes, looks like 4.50 is coming faster than we thought. 4.475 now. |
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Sep 29 2015, 11:42 AM
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Senior Member
9,361 posts Joined: Aug 2010
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Hmm,... looks like 5.00 is becoming clearer and clearer at the end of the tunnel. It is true that there is a saying - high can become higher !
New catalysts :- 1) Weak reserves. 2) Not increasing interest rate. 3) Good reports from rating agencies are floundering. |
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Sep 29 2015, 12:10 PM
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Senior Member
10,001 posts Joined: May 2013
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FXTM says ‘still no floor to be seen when it comes to ringgit weakness’
http://www.theedgemarkets.com/my/article/f...akness%E2%80%99 More pain in the pipeline... |
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Sep 29 2015, 12:21 PM
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Senior Member
10,001 posts Joined: May 2013
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Malaysia faces another bond litmus test as contagion worries grow
http://www.theedgemarkets.com/my/article/m...on-worries-grow Tmrw is the D day... |
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Sep 29 2015, 12:22 PM
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Senior Member
9,361 posts Joined: Aug 2010
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QUOTE(wil-i-am @ Sep 29 2015, 12:10 PM) FXTM says ‘still no floor to be seen when it comes to ringgit weakness’ Tks,... so,..one supporting party to my view there. Can't possibly give a timeline yet for reaching 5.00, but if we can leave the money in the USD and wait, the time will come. Wouldn't be too long away.http://www.theedgemarkets.com/my/article/f...akness%E2%80%99 More pain in the pipeline... |
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Sep 29 2015, 12:24 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(Hansel @ Sep 29 2015, 12:22 PM) Tks,... so,..one supporting party to my view there. Can't possibly give a timeline yet for reaching 5.00, but if we can leave the money in the USD and wait, the time will come. Wouldn't be too long away. I'm betting on USD n SGDHow about u? |
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Sep 29 2015, 12:43 PM
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Senior Member
2,844 posts Joined: Nov 2007
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QUOTE(wil-i-am @ Sep 29 2015, 12:24 PM) I'm betting on USD n SGD Same. Starting to convert most of my cash to USD/SGD. Politically Singapore just finished their elections so they are quite stable for the next few years.How about u? |
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Sep 29 2015, 12:52 PM
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All Stars
24,471 posts Joined: Nov 2010
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QUOTE(wil-i-am @ Sep 29 2015, 12:21 PM) Malaysia faces another bond litmus test as contagion worries grow i think this one has been the main factor of late.http://www.theedgemarkets.com/my/article/m...on-worries-grow Tmrw is the D day... 10 yr mgs yield went up to 4.46% yesterday, closing 4.37%. http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield let's watch end of today and tmrw. This post has been edited by AVFAN: Sep 29 2015, 12:52 PM |
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Sep 29 2015, 01:02 PM
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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QUOTE(AVFAN @ Sep 29 2015, 12:52 PM) i think this one has been the main factor of late. wah the yield is getting nearer to 5% 10 yr mgs yield went up to 4.46% yesterday, closing 4.37%. http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield let's watch end of today and tmrw.  |
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Sep 29 2015, 01:06 PM
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Senior Member
1,548 posts Joined: Apr 2005
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QUOTE(AVFAN @ Sep 29 2015, 12:52 PM) i think this one has been the main factor of late. The 10 year yield is the highest since 2008..10 yr mgs yield went up to 4.46% yesterday, closing 4.37%. http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield let's watch end of today and tmrw. |
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Sep 29 2015, 01:08 PM
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Senior Member
1,548 posts Joined: Apr 2005
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More bad news if you can stomach it.
Cost of insuring M'sian Govt bonds soaring; how did it happen? QUOTE The price to pay for insurance on a US$5mil bond has hit US$210,000 in the credit default swaps (CDS) market, said Pong Teng Siew, head of research of Inter-Pacific Securities. “Malaysia has never defaulted on its debt and has been highly rated but this latest development indicates the market’s heightened perception of risk in owning Malaysian bonds. “Our CDS has traded better than those of the Philippines and Korea, both of which have defaulted before. Now, the CDS rate of the Philippines, which used to be called the sick man of Asia, is half of ours and that of Korea, one third,’’ said Pong. “We are approaching that (the CDS rate) of Indonesia,’’ he added. |
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Sep 29 2015, 01:11 PM
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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QUOTE(prody @ Sep 29 2015, 01:08 PM) lol now M'sian Bond is consider "high risk"   |
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Sep 29 2015, 01:16 PM
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Senior Member
10,001 posts Joined: May 2013
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While v talk,
28 Sep 2015 05:10 UTC - 29 Sep 2015 05:12 UTC USD/MYR close:4.48029 low:4.40660 high:4.48029 |
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Sep 29 2015, 01:18 PM
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All Stars
24,471 posts Joined: Nov 2010
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QUOTE(prody @ Sep 29 2015, 01:08 PM) this is also very bad.maybe expectations of something some people know enough, and we don't? like more and bigger skeletons in the closet coming out soon? e.g., this? QUOTE Abu Dhabi state fund Aabar Investments may refuse to invest in a RM2.5 billion rights issue by RHB Capital in a sign of disappointment among Gulf investors with economic and political instability in Malaysia. http://www.malaysia-chronicle.com/index.ph...=1#.VgoehfmqpBc |
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Sep 29 2015, 01:23 PM
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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wow looks like can reach 4.5 today
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Sep 29 2015, 01:27 PM
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All Stars
48,552 posts Joined: Sep 2014 From: REality
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QUOTE(AVFAN @ Sep 29 2015, 01:18 PM) this is also very bad. Aabar Investments refuse to invest in a RM2.5 billion rights issue by RHB Capital because of voting right issues. maybe expectations of something some people know enough, and we don't? like more and bigger skeletons in the closet coming out soon? e.g., this? even holding 21% of the share, their voting right only 15% |
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