USD/MYR v4
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 Jul 14 2016, 02:23 PM
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Senior Member
6,614 posts Joined: Mar 2011 
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RM strengthen some more to 3.93 region !
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Jul 14 2016, 03:03 PM
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Junior Member
343 posts Joined: Jun 2008
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QUOTE(bbgoat @ Jul 14 2016, 02:23 PM) RM strengthen some more to 3.93 region ! MYR is 'invisible-hand' currency.  |
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Jul 14 2016, 03:26 PM
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Senior Member
5,379 posts Joined: Jul 2009 
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QUOTE(bbgoat @ Jul 14 2016, 02:23 PM) RM strengthen some more to 3.93 region ! How is the outlook? |
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Jul 14 2016, 04:35 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(cheahcw2003 @ Jul 14 2016, 03:26 PM) How is the outlook? Have to ask the expert here. Me just monitor movement and to buy if can reach 3.8-3.9.  |
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Jul 14 2016, 06:11 PM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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Closing was 3.9510 as per BNM @ 14 Jul 2016 (Thursday)
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Jul 14 2016, 10:19 PM
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All Stars
10,123 posts Joined: Aug 2007
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Sometimes, it isn't the ringgit strengthening but USD falling due to rising commodities and continued perceived low interest by US Fed. |
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Jul 14 2016, 10:25 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(prophetjul @ Jul 14 2016, 08:43 AM) i don't get this. There are plenty of foreign inflow into MGS lately, which is the main reason of RM strength as shown in foreign ownership of MGS going up.Cut rates and MYR goes north? MGS yield is attractive for foreigner investors especially those come from negative yield one, and with rate cut, they stand a chance to make a capital gain as well on top of the yield. |
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Jul 14 2016, 10:33 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(@secret@ @ Jul 14 2016, 03:03 PM) MYR is 'invisible-hand' currency. Our Govt will say mission possible to 3.90 |
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Jul 14 2016, 10:34 PM
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Senior Member
10,001 posts Joined: May 2013
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MYR appreciated around 1.20% today
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Jul 14 2016, 10:35 PM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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QUOTE(danmooncake @ Jul 14 2016, 10:19 PM) Sometimes, it isn't the ringgit strengthening but USD falling due to rising commodities and continued perceived some are saying China selling off their USD holdings low interest by US Fed.  |
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Jul 14 2016, 11:04 PM
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Junior Member
157 posts Joined: Apr 2016
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China companies selling 5bil usd in these few months.
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Jul 15 2016, 01:26 AM
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(nexona88 @ Jul 14 2016, 10:35 PM) some are saying China selling off their USD holdings Well, we need to define "holdings" here..a bit more specific because they mean different thing depending on how people see things. China has been lightening up their Treasury holdings since last year (down from near 2T level)... BUT at the same time, they're using the money to quietly acquire US-based HARD assets (eg. real estates and companies) in US itself. China still holds the number one spot of US treasuries despite the low yield as foreign debtor (at around 1.2T~1.3T) Japan is 2nd (1.1T). China also using the money to buy gold. Dunno why they hoard so much gold is anyone guess... perhaps they know something bad is about to happen.  This post has been edited by danmooncake: Jul 15 2016, 01:26 AM |
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Jul 15 2016, 03:10 AM
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Junior Member
671 posts Joined: Jun 2008 From: Malaysia our heavenly home 
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Really hope RM stay above 4 untill withdraw my usd acc...sigh
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Jul 15 2016, 08:35 AM
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(danmooncake @ Jul 15 2016, 01:26 AM) China also using the money to buy gold. Dunno why they hoard so much gold is anyone guess... perhaps they know something bad is about to happen. |
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Jul 15 2016, 11:25 AM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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QUOTE(danmooncake @ Jul 15 2016, 01:26 AM) Well, we need to define "holdings" here..a bit more specific because they mean different thing depending well I heard it lor.. which assets class I not sure on how people see things. China has been lightening up their Treasury holdings since last year (down from near 2T level)... BUT at the same time, they're using the money to quietly acquire US-based HARD assets (eg. real estates and companies) in US itself. China still holds the number one spot of US treasuries despite the low yield as foreign debtor (at around 1.2T~1.3T) Japan is 2nd (1.1T). China also using the money to buy gold. Dunno why they hoard so much gold is anyone guess... perhaps they know something bad is about to happen.  |
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Jul 15 2016, 06:17 PM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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Closing was 3.9500 as per BNM @ 15 Jul 2016 (Friday) compare with 3.9510 @ 14 Jul 2016 (Thursday)
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Jul 15 2016, 10:06 PM
Show posts by this member only | IPv6 | Post
#137
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(shamsul_LP @ Jul 15 2016, 03:10 AM) Really hope RM stay above 4 untill withdraw my usd acc...sigh Me 2 |
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Jul 15 2016, 10:07 PM
Show posts by this member only | IPv6 | Post
#138
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Senior Member
10,001 posts Joined: May 2013
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Hearsay M'sia n S'pore will sign MOU on HSR next Tue (tbc)
Could tis b d catalyst for MYR to appreciate |
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Jul 17 2016, 02:01 PM
Show posts by this member only | IPv6 | Post
#139
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Senior Member
10,001 posts Joined: May 2013
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Ringgit likely to trade at current level next week
http://www.thestar.com.my/business/busines...eval-next-week/ |
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Jul 17 2016, 03:12 PM
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Senior Member
1,862 posts Joined: May 2013
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QUOTE(wil-i-am @ Jul 17 2016, 02:01 PM) Ringgit likely to trade at current level next week These analysts can roll up the star newspaper and shove it up their asshttp://www.thestar.com.my/business/busines...eval-next-week/ |
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