oil going up too much may not be a good thing.
this will re-kickstart the fracking industry in the US.

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

Cannot agree,...the recent fiasco last year is a clear eg why this is not so,....

Why is that so? Care to share?

as kelvin said. besides, sg gov has begun selling retail bonds to public, sign of desperation. also sg new biz startups are a record lows. sgx is one of the worst performing mkts. the cooling measures on prop are hitting developers so hard they are chewing on bones. speculators in tht market r crying. overly strong sgd hit tourism badly. but devaluing sgd will cause indo and malaysia depositors to flee as interest rates are so low. low interest rates means there is little room for the central bank to manuver when things go south. sticking with the strong sgd, orchard smaller malls are every bit as empty as our kv new ones. mrt system is hit with incident after incident. need i continue?

so u mean that SGD would be weaker vs MYR in near future leh