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 USD/MYR drop, v3

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ILoveLalat.net
post Dec 30 2015, 01:36 PM

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QUOTE(wil-i-am @ Dec 30 2015, 11:17 AM)
Ringgit is no longer responding to the price of oil and commodity, will rebound in 2016, says MIDF Research
http://www.theedgemarkets.com/my/article/r...s-midf-research

Time to short USD now?
*
Doubt it. With the current situation, it's best that it may rebound back if oil reaches $75 per barrel.

In addition, with the US is also going to export oil out of their country soon and this may alert the Saudis to reduce oil prices even further in order to pressure the US. The cost of production in the US is about $36 currently and now trading just above the cost.

And of course, we have "that issue" which everyone knows about.
ILoveLalat.net
post Jan 25 2016, 02:38 PM

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4.2466 now. See this as a temporary gain on our currency unless oil continues its uptrend, about time.
ILoveLalat.net
post Apr 13 2016, 06:40 AM

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3.8495 from Investing.com as of this posting.
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