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 USD/MYR drop, v3

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Kaka23
post Dec 13 2015, 05:07 PM

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QUOTE(nexona88 @ Dec 13 2015, 11:02 AM)
We needed to watch the movement next week.. Guess could even reach 4.50 if bad situation..
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shocking.gif really... why you say so?
Kaka23
post Jan 15 2016, 10:54 PM

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QUOTE
Emerging currencies, including ringgit, to face downward pressure in 1Q16
January 14, 2016 : 8:11 PM MYT 

KUALA LUMPUR (Jan 14): Currencies of emerging countries, including the ringgit, is expected to face downward pressures in the first quarter of 2016, as long as the US dollar keeps strengthening and commodity prices weaken.

In a note today, FXTM's chief market analyst Jameel Ahmad said emerging currencies will continue to experience downward pressures into the first quarter of 2016.

“Another factor in play is a further increase in the US interest rates, which would likely lead to even more downward pressures on the Chinese yuan, Nigerian naira, Malaysian ringgit, Indian rupee and Indonesian rupiah,” he said.

“I do believe that as the emerging economies begin to encounter their own reduced domestic growth, that this could weigh on outflows and threaten demand for their currencies even further,” he added. 

Jameel said the major turning point for all the emerging currencies will depend more on how the countries respond to a new environment of reduced economic growth.



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Kaka23
post Mar 13 2016, 08:42 AM

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QUOTE(kit2 @ Mar 12 2016, 12:49 PM)
yeah! welcome the new governor for bank negara!
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I hope he/she a real economist. Not those lousy politicians..
Kaka23
post May 11 2016, 07:00 AM

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QUOTE(wil-i-am @ May 11 2016, 06:49 AM)
Appreciate to 4.03xx/4.04xx
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Dammit
Kaka23
post May 11 2016, 07:03 AM

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QUOTE(wil-i-am @ May 11 2016, 07:02 AM)
U intend to convert some from USD?
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No.. need to buy some stuff! bye.gif
Kaka23
post May 15 2016, 03:42 PM

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sad.gif


Kaka23
post May 15 2016, 03:46 PM

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QUOTE(Sarah Jessica @ May 15 2016, 03:43 PM)
u also bought at high price?
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No lah.. Ringgit weak is no good for everyone..

Kaka23
post May 15 2016, 04:05 PM

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QUOTE(wil-i-am @ May 15 2016, 03:48 PM)
Weak ringgit is gud for trading  brows.gif
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You enjoying the weak ringgit now bo sin?
Kaka23
post May 15 2016, 04:08 PM

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QUOTE(wil-i-am @ May 15 2016, 04:06 PM)
Yes, from 3.83xx to 4.05xx now
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You indirectly also enjoying purchasing goods at higher prices...
Kaka23
post May 15 2016, 04:16 PM

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QUOTE(wil-i-am @ May 15 2016, 04:11 PM)
At least I can utilize gains to off-set higher price
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As you know.. once price is up especially household needs, it will keep that way. Wont go down...

Gains from investment due to forex movements is not forever...
Kaka23
post May 15 2016, 04:20 PM

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QUOTE(wil-i-am @ May 15 2016, 04:18 PM)
Gains is just 1 of my tools to mitigate d high price
Having said tat, not everyday is Sunday
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Now even malaysian people work in Singapore as an engineer also can have higher pay than a Senior manager in Malaysia.. ohmy.gif
Kaka23
post May 15 2016, 04:32 PM

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QUOTE(wil-i-am @ May 15 2016, 04:23 PM)
Cost of living in S'pore high too
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earn sing ok if dont buy car and condo.. just stick to hdb tongue.gif

Food, electronics, etc.. if dont convert still cheaper when earn sing. Better purchasing power

Kaka23
post May 15 2016, 05:04 PM

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QUOTE(bbgoat @ May 15 2016, 04:50 PM)
For 10,000 people.  brows.gif  brows.gif
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tongue.gif

Kaka23
post May 15 2016, 05:51 PM

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QUOTE(nexona88 @ May 15 2016, 05:44 PM)
foreigner can buy HDB flat meh?  hmm.gif

not for SG citizen only  hmm.gif  hmm.gif
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PR..

Kaka23
post May 15 2016, 06:00 PM

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QUOTE(nexona88 @ May 15 2016, 05:56 PM)
wah so good  rclxms.gif

I thought for SG citizen only  dry.gif
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Both hubby and wife need to be PR if not citizen
Kaka23
post May 15 2016, 06:02 PM

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QUOTE(wil-i-am @ May 15 2016, 06:02 PM)
Single can't capitalize
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Cannot.. sad.gif
Kaka23
post May 15 2016, 08:09 PM

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QUOTE(yck1987 @ May 15 2016, 07:54 PM)
Want to try working in sg?
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Cannot now.. Got other priorities
Kaka23
post May 19 2016, 08:44 AM

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South south

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