Or our interest rate is just a small factor overall?
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USD/MYR v4
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 Jul 13 2016, 04:55 PM
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Senior Member
2,478 posts Joined: Jan 2003 From: Cheras 
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Seems no volatile movement after we read about OPR cut. Maybe already past peak trading hours?
Or our interest rate is just a small factor overall? Attached thumbnail(s)
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Jul 13 2016, 05:02 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(my44 @ Jul 13 2016, 04:55 PM) Seems no volatile movement after we read about OPR cut. Maybe already past peak trading hours? Still too early to tellOr our interest rate is just a small factor overall?  |
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Jul 13 2016, 05:04 PM
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All Stars
48,426 posts Joined: Sep 2014 From: REality
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QUOTE(my44 @ Jul 13 2016, 04:55 PM) Seems no volatile movement after we read about OPR cut. Maybe already past peak trading hours? tomorrow onwards.. Or our interest rate is just a small factor overall?  |
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Jul 13 2016, 06:08 PM
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All Stars
48,426 posts Joined: Sep 2014 From: REality
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12 Jul 2016 10:00 UTC - 13 Jul 2016 10:06 UTC
USD/MYR close: 3.94746 low: 3.94152 high: 3.99167 getting stronger pulak  |
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Jul 13 2016, 06:14 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(KTCY @ Jul 13 2016, 04:35 PM) will mortgage lower also ? Yes |
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Jul 13 2016, 06:18 PM
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Senior Member
2,478 posts Joined: Jan 2003 From: Cheras
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QUOTE(nexona88 @ Jul 13 2016, 05:04 PM) tomorrow onwards.. From my observation, movement of USD/MYR is not strictly during normal hours of BNM. Some buying/selling occur also during EU/USA trading hours (night/midnight in Malaysia) via something called "Non Deliverable Forward" (which I don't really understand). So there'll be movement (up/down) even official BNM rates close at local time. That's why I noticed xe.com & Yahoo! finance are showing exactly that. |
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Jul 13 2016, 06:22 PM
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Senior Member
1,862 posts Joined: May 2013
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QUOTE(my44 @ Jul 13 2016, 06:18 PM) From my observation, movement of USD/MYR is not strictly during normal hours of BNM. That's the time real players playSome buying/selling occur also during EU/USA trading hours (night/midnight in Malaysia) via something called "Non Deliverable Forward" (which I don't really understand). So there'll be movement (up/down) even official BNM rates close at local time. That's why I noticed xe.com & Yahoo! finance are showing exactly that. |
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Jul 13 2016, 06:25 PM
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All Stars
48,426 posts Joined: Sep 2014 From: REality
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QUOTE(my44 @ Jul 13 2016, 06:18 PM) From my observation, movement of USD/MYR is not strictly during normal hours of BNM. well u could be right..Some buying/selling occur also during EU/USA trading hours (night/midnight in Malaysia) via something called "Non Deliverable Forward" (which I don't really understand). So there'll be movement (up/down) even official BNM rates close at local time. That's why I noticed xe.com & Yahoo! finance are showing exactly that. now I see MYR is strengthening against USD  |
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Jul 13 2016, 06:30 PM
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All Stars
24,453 posts Joined: Nov 2010
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this part... your boss now has the official ammo to give you <3% annual increment.
 QUOTE Lower oil costs and subdued global price pressures enabled the central bank to cut its inflation forecast for this year to 2 percent to 3 percent from 2.5 percent to 3.5 percent, it said. Consumer prices rose 2 percent in May from a year ago. Malaysia Unexpectedly Cuts Rate to Shield Growth as Risks Mount Inflation forecast lowered to 2 percent to 3 percent Economy set to grow at slowest pace in seven years in 2016 http://www.bloomberg.com/news/articles/201...-as-risks-mount |
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Jul 13 2016, 08:00 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(nexona88 @ Jul 13 2016, 06:08 PM) 12 Jul 2016 10:00 UTC - 13 Jul 2016 10:06 UTC USD/MYR close: 3.94746 low: 3.94152 high: 3.99167 getting stronger pulak QUOTE(nexona88 @ Jul 13 2016, 06:25 PM) well u could be right.. Wasai,MYR going North ! now I see MYR is strengthening against USD  |
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Jul 13 2016, 08:36 PM
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All Stars
48,426 posts Joined: Sep 2014 From: REality
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QUOTE(bbgoat @ Jul 13 2016, 08:00 PM) Wasai,MYR going North ! Really unexpected... |
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Jul 13 2016, 08:53 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(AVFAN @ Jul 13 2016, 06:30 PM) this part... your boss now has the official ammo to give you <3% annual increment. Some boss is generous  |
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Jul 13 2016, 11:09 PM
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Junior Member
157 posts Joined: Apr 2016 
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China government is throwing usd and trying to protest Philippine by giving difficulties to China and HongKong business for deal transaction with Philippine.
This will help rm strengthen a bit for some period. |
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Jul 13 2016, 11:30 PM
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All Stars
48,426 posts Joined: Sep 2014 From: REality
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QUOTE(Ryannate @ Jul 13 2016, 11:09 PM) China government is throwing usd and trying to protest Philippine by giving difficulties to China and HongKong business for deal transaction with Philippine. well it's expected since they lost the case on Spratlys Island This will help rm strengthen a bit for some period.   |
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Jul 14 2016, 04:22 AM
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All Stars
10,123 posts Joined: Aug 2007
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China cannot dump USD because they got no where else to park their money.
They also doing QE... that's why the Yuan/Renminbi been going down lately. Anyway, Malaysia just started to join the races to the bottom for currency. Welcome to the QE club. Low interest to pump up the stock market... get ready for bull run soon. |
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Jul 14 2016, 08:27 AM
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Trade Dispute
2,644 posts Joined: Sep 2013 
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QUOTE(danmooncake @ Jul 14 2016, 04:22 AM) China cannot dump USD because they got no where else to park their money. China does not want their currency to be strong, hence they purposely devalue itThey also doing QE... that's why the Yuan/Renminbi been going down lately. Anyway, Malaysia just started to join the races to the bottom for currency. Welcome to the QE club. Low interest to pump up the stock market... get ready for bull run soon. Malaysia hope myr currency to strengthen but in fact it's going down to drain cannot compare chicken VS tiger |
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Jul 14 2016, 08:43 AM
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All Stars
12,268 posts Joined: Oct 2010
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i don't get this.
Cut rates and MYR goes north? |
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Jul 14 2016, 09:07 AM
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Senior Member
10,001 posts Joined: May 2013
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OPR cut will not adversely impact ringgit: Affin Hwang
http://www.nst.com.my/news/2016/07/158105/...git-affin-hwang |
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Jul 14 2016, 09:10 AM
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All Stars
24,334 posts Joined: Feb 2011
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QUOTE(prophetjul @ Jul 14 2016, 08:43 AM) i don't get this. Maybe china pump money? Cut rates and MYR goes north?  |
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Jul 14 2016, 09:44 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(wil-i-am @ Jul 14 2016, 09:07 AM) OPR cut will not adversely impact ringgit: Affin Hwang Thanks, that is a consolation ! http://www.nst.com.my/news/2016/07/158105/...git-affin-hwang |
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