RM strengthen or USD weaken?

Yes I do visit that thread, but haven't dip in my fingers yet eventhough I have attended their seminars and open an account many years ago.
Miss the boat when crisis hit in 2008/9, money went to ASx & FD instead. On hindsight at 16% returns, funds would have double in 5 years, instead of 37% in ASx, what a diff.

is the ASX you guys are talking about, referring to the Australian Securities Exchange?
pardon my lack of knowledges.

They're talking about AMANAH saham. Lol
https://forum.lowyat.net/topic/3857329

This post has been edited by ohcipala: Mar 30 2016, 10:55 AM

hahaha.I always made a guess between the two, Amanah & Aus Exchange

USD weakening across the board after Janet Yellen hinted at no interest rate hikes in the US in April.

MYR is getting stronger, buy into MYR now.

+999
not MYR strenthen

Short USD now

This could be one of the factor:

KUALA LUMPUR: Foreign money is returning to Malaysia at the fastest pace in Southeast Asia this year with about RM4.4 billion pumped into the nation’s equities, Bloomberg reported today.
This is significant because 2015 saw the biggest outflows of fund from Malaysia since the global financial crisis.

Quoting MIDF Amanah Investment Bank Bhd, which cited stock-exchange data, the Bloomberg report said inflows for March were at the highest since April 2013.
The FTSE Bursa Malaysia KLCI Index, it added, was “headed for its best monthly performance in more than three years as stocks trade near the cheapest relative to global equities in almost a decade”.
Malaysia is leading other SEA nations in terms of money flowing into stock-exchanges, with Indonesia coming next and followed by Thailand.

I wonder could it be because GLC are bringing money back from overseas. Or people looking to park money in Malaysia temporarily while waiting for rate hike.

disagree that only usd weaken. myr is strengthening against others also notably sgd: the best deposit haven for rich malaysians

Simple, Malaysia is the cheapest and safest to park the money.

I also disagree, MYR is also strong against SGD, EURO and AUS.

Now I see RM going back to near early Aug 2015 level, that time that I bought USD. Very tempting to me now. Whether to buy now or wait till coming August ? Guess will be hard to say which way to go.

This post has been edited by bbgoat: Mar 30 2016, 03:33 PM

Wa, now 3.9395

Last year Aug I bought TT at 3.96 level at 3 cents premium.

Ya, now at 11-8-15 level. My customers will start asking for lower price.

This post has been edited by MGM: Mar 30 2016, 03:39 PM

You didn't pay your kids fees using maybank primer 2 card like captain?

Different analyst quoting differently. Some still say by year end 4.2 level. Some quote 3.5, 3.8. To me, not sure if should buy now or wait till Aug ?