USD/MYR drop, v3
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 Dec 3 2015, 07:45 PM
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#1
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QUOTE(nexona88 @ Dec 2 2015, 11:45 PM) Morgan Stanley forecasts that USD/MYR will hit 5.0 in 2016 The table actually shows the USD strengthening against most of the currencies really.     Not sure how accurate a one year forecast would be though. |
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Dec 6 2015, 12:04 PM
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#2
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QUOTE(AVFAN @ Dec 5 2015, 08:03 PM) if that will be true, chance of recession in 2016. The current climate is definitely far from ideal, but to go from 4.7 % GDP growth in Q3 2015 to a recession (i.e. 2 consecutive quarters of negative GDP growth) in 2016 seems a little extreme, doesn't it ?Of course, never say never  |
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Dec 8 2015, 05:45 PM
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#3
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QUOTE(nexona88 @ Dec 8 2015, 01:19 PM) Next Malaysian Central Bank governor possible candidates Nazir Razak is not a potential candidate ?  1. Awang Adek Hussin, ambassador to the U.S 2. Mohd Irwan Serigar Abdullah, Finance Ministry's top bureaucrat 3. Deputy Governor Muhammad Ibrahim 4. Deputy Governor Nor Shamsiah Mohd Yunus 5. Deputy Governor Sukhdave Singh 6. Abdul Wahid Omar, Government Minister and Former Banker 7. Ismee Ismail, Pilgrims’ fund CEO and 1MDB director 8. Noor Azlan Ghazali, Monetary Policy Committee member http://www.thestar.com.my/business/2015/12...ble-candidates/  |
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Dec 8 2015, 06:31 PM
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#4
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QUOTE(nexona88 @ Dec 8 2015, 05:59 PM) who knows the actual one chosen on even in the list I posted & it could be jibby bro Yup we never know for sure. For such a critical function in a critical govt agency, the succession planning should have been done years ago. Looks like Zeti will be leaving at a very delicate time for the economy and the ringgit. |
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Dec 14 2015, 10:00 PM
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#5
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With the Brent and natural gas plunging there's got to be a miracle to prevent the RM from dropping as well.
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Dec 14 2015, 10:22 PM
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#6
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QUOTE(nexona88 @ Dec 14 2015, 10:07 PM) no worry PRC help on the way to save BolehLand In exchange for the HSR project ?   QUOTE(orangbulu @ Dec 14 2015, 10:12 PM) I wonder if these guys ever review what they say in public |
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Dec 17 2015, 03:19 AM
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#7
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Fed Ends Zero-Rate Era; Signals 4 Quarter-Point 2016 Increases http://bloom.bg/1P7qSXI
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Jan 6 2016, 05:30 PM
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#8
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One way to avoid having to check the figure everyday is to simply split your holdings into several currencies right ?
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Jan 28 2016, 09:02 PM
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#9
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Any other key dates to watch in the coming weeks/months ?
USD/MYR seems to be about to drop under 4.20 anytime now. |
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Jan 31 2016, 12:00 PM
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#10
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QUOTE(nexona88 @ Jan 31 2016, 12:36 AM) Some friends mention that stronger myr vs sgd is because CNY around the corner? They gonna holiday in malaysia, so convert sgd into myr now Looking at the previous 3-4 years of SGD/MYR, doesn't seem like there's a drop around CNY periods. |
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Feb 1 2016, 08:52 PM
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#11
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QUOTE(AVFAN @ Feb 1 2016, 10:39 AM) this will be the case. There's really no incentive for businesses to reduce prices when fuel prices drop.even if rm move back to 4.0, the local purchasing power damage is done. petrol price been coming down. do we hear biz people lowering prices? at the base, there has been a stagnant income or income trap problem for years. add gst, toll hikes, weak rm, etc., the pressure for price inflation has been high and will stay high. biz people will seize any opportunity to make more profits; taxman will keep trying to get more tax. low income groups and retirees will bear the brunt for a long time. Worst of all is the fact that due to GST, there is no incentive for the gov to force businesses to reduce prices either - this would be the proverbial killing of the goose that laid the golden egg. So yes, I totally agree that even if the USD/MYR exchange rate improves, our purchasing power is going to be stagnant. |
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Feb 22 2016, 02:44 PM
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#12
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QUOTE(nexona88 @ Feb 22 2016, 01:54 PM) UOB Malaysia expects the ringgit to rebound in the second half of 2016, supported by the country’s diversified export base and the sustained current account surplus. Interesting statement by UOB but not a single forecasted figure provided in the article. “The ringgit, up by 6% against the US dollar since its weakest point in the third quarter of 2015, strengthened against most major and regional currencies to become one of the strongest performing Asian currencies in the first six weeks of 2016. http://www.thestar.com.my/business/busines...-in-h2-of-2016/ Their estimates are provided here: http://www.theedgemarkets.com/my/article/u...owards-year-end Citibank's estimate is the opposite - RM4.53 by June'16 and RM4.51 by Dec'16 (see page 3): https://www.citibank.co.uk/static/documents/recap.pdf Of course, there'll likely be as many different predictions as there are analysts. This post has been edited by langstrasse: Feb 22 2016, 02:49 PM |
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Mar 1 2016, 05:37 PM
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#13
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There was this news yesterday about the drop in foreign investments in 2015:
http://asia.nikkei.com/Politics-Economy/Ec...foreign-inflows And today the RM is strengthening vs the USD ? |
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Mar 2 2016, 05:15 AM
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#14
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QUOTE(angmoreasian @ Mar 2 2016, 03:17 AM) RM going up in value even with all the political scandal news going around!! Invisible hand again Actually it could be because crude oil is recovering now, WTI at $34.34 and Brent at $36.79. |
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Mar 4 2016, 10:00 PM
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#15
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QUOTE(KTCY @ Mar 4 2016, 09:40 PM) From a fren, today is NFP US Feb non-farm payrolls just announced, better than expected but wages not really improved:http://www.cnbc.com/2016/03/04/us-nonfarm-...k-estimate.html Honestly I fail to see the connection to USD-MYR rates though. |
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Mar 7 2016, 07:00 PM
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#16
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US dollar rally against ringgit may be over http://www.thestar.com.my/business/busines...it-may-be-over/
Article packed with technical analysis, but only time can tell if it's correct. Something to refer back to at the end of this year |
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Mar 13 2016, 10:00 AM
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#17
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QUOTE(nexona88 @ Mar 12 2016, 12:57 PM) wonder who the new governor? http://www.wsj.com/articles/malaysia-finan...hief-1457721640You haven't seen this ? |
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Mar 13 2016, 10:16 AM
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#18
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QUOTE(nexona88 @ Mar 13 2016, 10:08 AM) nope I can't comment on that. Never heard of him and don't know his track record. so he good or not? But as others have mentioned already, he is on the 1MDB board - this should send alarm bells ringing. I guess we'll have to wait for the official announcement to confirm if the WSJ is correct. |
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Mar 16 2016, 09:19 PM
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#19
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QUOTE(nexona88 @ Mar 15 2016, 04:32 PM) Mobius: Weaker ringgit makes Malaysia very attractive now http://www.thestar.com.my/business/busines...attractive-now/ QUOTE(wil-i-am @ Mar 16 2016, 03:30 PM) It doesn't matter if The Star is reporting about the Ringgit, Malaysian the property market, the local banking sector or the local oil and gas industry - it's always a very optimistic and "brighter side" kind of reporting perspective.Definitely to be taken with a pinch of salt |
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Mar 23 2016, 09:18 PM
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#20
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There are so many predictions right now it's hard to keep track and make sense of them.
What if you kept a pre-determined % of your net worth in USDs and just maintained it, as a form of diversification and not really to look for gains - in this case you wouldn't really be concerned in fluctuations right ? |
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