anyway RM is increasing abit la!! it take time.. our economy will be better at 2016.
I guess najib had fullfil his promise.. give him 6 month period on June

i am talking about both currency, look at how yuan is entering sdr and the brics nation buying tonnes and tonnes of gold. this will do no good for the future for the U.S. luckily our leader sapu all, we have lots of deal with china too, this might be better for rm for the long run, but who knows when the next 1mdb will come and price of goods and services will just keep increasing.

ForexTime Ltd, an international foreign exchange broker, has suggested Bank Negara Malaysia (BNM) increase its interest rates to encourage more investors to hold more money in the market and strengthen the ringgit.

Vice President of Corporate Development and Chief Market Analyst, Jameel Ahmad, said once the ringgit rebounded, it could limit the pressure on the currency, the local economy and make goods importation cheaper.

Morgan Stanley forecasts that USD/MYR will hit 5.0 in 2016   

http://www.themalaysianinsider.com/malaysi...abilise-ringgit

I bet that China will get the HSR project too. Would that help too?

Oil 39.94

RM appreciates from last week's closing price

Something is happening behind the scene. Or it must be some magic in play     

Bandar Malaysia?

2 foreign parties & 1 GLC in final bidding 

Just when I thought RM has correlation to certain commodity and news, it worked just the other way round 

I have seen many economists from different banks telling the same reason previously, but when their theory doesn't work, they come up with another theory to justify the direction. Those bankers really SKL 

(1) Affin 15 months at 4.6% - valid until end of Dec
(2) OCBC 12 months at 4.5% - valid until end of Dec
(3) UOB 12 months at 4.4% - valid until end of Dec
(4) RHB 15 months at 4.4% - valid until March 2016
(5) Public Bank 12 months at 4.3% - valid until end of Dec

Do u think the stated int rate can beat inflation rate?

--Yesterday’s release of October trade figures reinforced this view. The trade deficit came in a $3.3 billion for the month. This was a 38% deterioration on the September deficit of $2.4 billion.

--Thank goodness for the mining production boom, eh? (o&g/plantations/1.5mil banglas)

--All those hundreds of billions of dollars of investment led to an increase in production that is…still generating massive monthly trade deficits. (msia deficits too)

--The miracle in all this is just how the Aussie dollar is holding up? The fact that it has actually increased since the late August low around US$0.69 is impressive. (since aud/rm is pretty constant, can say rm4.20 is impressive)

--It tells you that despite our ongoing trade, current account and government budget deficits, we’re still pulling in ample money from offshore. The Financial Review has a decent explanation for what might be propping the Aussie up right now. (bils in donations, some rm coming back)

‘Corporate deals, driven partly by the weakness of the Australia dollar, have also helped the currency defy the relentless slump in commodity prices, according to Westpac. (china deals, china promises)

‘The bank's global head of market strategy Robert Rennie said foreign interest in Australian companies, recently shown again in last week's $10.3 billion takeover of the NSW electricity grid Transgrid by a foreign-led consortium, was one of the factors offsetting the drag on the local unit by slumping iron ore and coal prices. (imdb power asset sale)

‘Another is a surge in demand for Australian government debt because of the securities' yield spread over returns on most other advanced countries' debt.’

--If that’s the case, this is only a short term boost. Expect the Aussie to start falling again soon. (really?!)

--And it makes you wonder at what point lower interest rates might start to damage Australia. I mean, we’re only attracting offshore capital because of the healthy interest rate differential. (mgs is good demand at 4.2% yield)

--If the RBA cuts rates again next year, at what point would foreigners say Aussie rates no longer entice us? It’s an interesting question to ponder for a housing addicted, debtor nation like Australia. (will debtor nation msia start to cut int rates soon?)

However, our GDP growth figures are better than Aus. How ar?

You sure you don't want to wait for 4.10 ? 

Awaiting US payrolls data n outcome of OPEC meeting today
Tis will dictate the movement of MYR next week

yesterday I heard some source say they wanna cut some output, now say maintain   more oversupply flood the market 

more bad news for gomen & petronas

DJIA up 369 or 2.12%
Oil tumble 0.94 or 2.29% to 40.14
Next week will b interesting for MYR

Plus increase price n remove current subsidies

Just for info, I hang out in some international forums, even Canadian are complaining of the strong USD. Even they are looking whether US will increase rates.

So by increasing the rates > USD will increase > USD become too expensive > less demands > bad for economy?

I am still thinking and hoping US will just maintained. How many times they cry wolf already.

What do you mean by less time to normalise rates?

Normalise rates = increasing rates?

So if they increase rates, USD sure will go up and MYR sure will drop right? Will the effect  be permanent (remain high) like few years or just a few days like what happen to MYR strengthening power (increase and decrease quickly)?