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 USD/MYR v4

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nexona88
post Jul 17 2016, 03:14 PM

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Affin Hwang remained confident that the ringgit's fair value would be between 3.95 and 4.00 this year.


while Maybank says 3.80 MYR hmm.gif

they really know how to blow water like most of lyn forummers laugh.gif laugh.gif biggrin.gif rclxs0.gif
bbgoat
post Jul 17 2016, 04:57 PM

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QUOTE(nexona88 @ Jul 17 2016, 03:14 PM)
while Maybank says 3.80 MYR  hmm.gif

they really know how to blow water like most of lyn forummers  laugh.gif  laugh.gif  biggrin.gif  rclxs0.gif
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I would love 3.80 and move fund out from MBB GIA-i ! rclxms.gif
nexona88
post Jul 17 2016, 05:04 PM

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QUOTE(bbgoat @ Jul 17 2016, 04:57 PM)
I would love 3.80 and move fund out from MBB GIA-i !  rclxms.gif
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let's see which one is true in coming weeks cool2.gif
bbgoat
post Jul 17 2016, 05:10 PM

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QUOTE(nexona88 @ Jul 17 2016, 05:04 PM)
let's see which one is true in coming weeks  cool2.gif
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Have been reading 3.8, 3.95, about 4 etc etc. My D Day is mid August irrespective of what. But 3.8 will definitely go for it if it happens before D Day. biggrin.gif
TSwil-i-am
post Jul 17 2016, 09:28 PM

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QUOTE(bbgoat @ Jul 17 2016, 05:10 PM)
Have been reading 3.8, 3.95, about 4 etc etc. My D Day is mid August irrespective of what. But 3.8 will definitely go for it if it happens before D Day.  biggrin.gif
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U need to watch closely
bbgoat
post Jul 18 2016, 09:20 AM

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QUOTE(wil-i-am @ Jul 17 2016, 09:28 PM)
U need to watch closely
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Watching it like a hawk !

Sxxt, RM go south ! bangwall.gif
TSwil-i-am
post Jul 18 2016, 10:46 AM

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QUOTE(bbgoat @ Jul 18 2016, 09:20 AM)
Watching it like a hawk !

Sxxt, RM go south ! bangwall.gif
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Gud news for me
AVFAN
post Jul 18 2016, 10:50 AM

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interesting read:


QUOTE
Malaysia’s $30 Billion Pension Fund Goes Long as Rate-Cut Hedge

Malaysia’s interest-rate cut is a ā€œdouble-edged swordā€ as the fund’s existing portfolio is ā€œin the money,ā€ while new investments will probably be in instruments with lower returns, the CEO said. KWAP will be buying longer-dated bonds because ā€œwe see room for a further interest rate cut,ā€ he said.
http://www.bloomberg.com/news/articles/201...-rate-cut-hedge



TSwil-i-am
post Jul 18 2016, 10:53 AM

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QUOTE(AVFAN @ Jul 18 2016, 10:50 AM)
interesting read:
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Can consider to 'short' as and when opportunity arises
AVFAN
post Jul 18 2016, 11:02 AM

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QUOTE(wil-i-am @ Jul 18 2016, 10:53 AM)
Can consider to 'short' as and when opportunity arises
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3.90, can buy usd.

the situation is still the same - global economic slowdown, weak oil prices.

add local low growth, int rate cut, incr debt, lost billions...

yes, some foreign hot money into bonds and stocks... they can leave quickly too.

so, u decide rm will appr or depr from 3.9x! tongue.gif

bbgoat
post Jul 18 2016, 11:12 AM

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QUOTE(wil-i-am @ Jul 18 2016, 10:46 AM)
Gud news for me
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One man's meat is another man's poison. tongue.gif
dasecret
post Jul 18 2016, 11:19 AM

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QUOTE(bbgoat @ Jul 17 2016, 05:10 PM)
Have been reading 3.8, 3.95, about 4 etc etc. My D Day is mid August irrespective of what. But 3.8 will definitely go for it if it happens before D Day.  biggrin.gif
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If you need the currency soon, why not consider to do DCI now? If strike it'll be cheaper than spot; if don't strike then you get the interest to cover off your higher spot rate on D day
aromachong
post Jul 18 2016, 01:00 PM

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QUOTE(bbgoat @ Jul 18 2016, 11:12 AM)
One man's meat is another man's poison.  tongue.gif
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at shenzhen now weather here is so damn hot.. buy 4 duty free china cigarette for my friend.. inmigration here is so damn strict many police drug dogs

anyway unablw to change at rate 1.70 yuan sighssssss
bbgoat
post Jul 18 2016, 01:28 PM

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QUOTE(aromachong @ Jul 18 2016, 01:00 PM)
at shenzhen now weather here is so damn hot.. buy 4 duty free china cigarette for my friend.. inmigration here is so damn strict  many police drug dogs

anyway unablw to change at rate 1.70 yuan sighssssss
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When I was in Japan 2 weeks ago, also hot ! Came back found the yen that I am holding depreciate by 4%. bangwall.gif So holding it until it recover, if it recovers ! tongue.gif
nexona88
post Jul 18 2016, 03:45 PM

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very tight range 3.97/3.98 MYR yawn.gif yawn.gif

wonder if goes to 3.95 or 4.00 later of the day sweat.gif
KTCY
post Jul 18 2016, 04:19 PM

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QUOTE(nexona88 @ Jul 18 2016, 03:45 PM)
very tight range 3.97/3.98 MYR  yawn.gif  yawn.gif

wonder if goes to 3.95 or 4.00 later of the day sweat.gif
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could be when US market started biggrin.gif
kit2
post Jul 19 2016, 11:20 AM

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http://www.malaysia-chronicle.com/index.ph...2#axzz4EowwuGZ7

please don't keep your usd with ambank smile.gif
TSwil-i-am
post Jul 19 2016, 03:00 PM

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QUOTE(kit2 @ Jul 19 2016, 11:20 AM)
Need to withdraw FD soon
TSwil-i-am
post Jul 19 2016, 03:01 PM

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Gonna touch 4.00 soon
KTCY
post Jul 19 2016, 04:51 PM

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QUOTE(wil-i-am @ Jul 19 2016, 03:01 PM)
Gonna touch 4.00 soon
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already 4 blush.gif

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