Key events to watch tonite include USD crude oil inventories n USD 10 years note auction

MYR is still slipping on the slope.............  crap of a currency

I will b happy if MYR can touch 4.30 by end of Nov 2016 

U r rite
My spectacle almost drop when I saw MYR was trading @ 4.276x now 

Have officially cross 4.30 mark 

OMG what happen huh?

suddenly MYR so weak within 1 day period

Main stream papers also Tak berani repot...MYR so weak

Ringgit opens higher in early trade
http://www.freemalaysiatoday.com/category/...-early-trade-2/

Went to HLB ard 3pm to nquire on TT rate for USD
They quoted 4.434 

The shock move has left traders in a lurch, and sparked fears that the ringgit - already battered in the past two years - would face huge selldown when the controls are lifted.

It is understood that no information was given as to whether the currency controls would be lifted ahead of the weekend.

http://www.straitstimes.com/asia/se-asia/m...overnight-rates

About RM11 bil Govt bonds will mature next week
Unless rollover, otherwise v may witness another round of volatility

BUt,... I'm sure no one would want to chg USD into us inside Msia now,... money-changers would close their doors already,....

There is NO ann't of capital controls, and certain financial instruments are still able to proceed, but this process is nonsensical, bonds are not redeeamable back to the original currency, and spot trades MUST follow our levels,...yeah, sure, can still go,.. but not following worldwide levels,... this is bs, man,....

Yeah,....

The questions now then :-

1) When will BNM lift this stop-gap measure and go back to normal business ?

2) What happens to the RM when the stop-gap measure is lifted ?

Just occured to me,... probably BNM will lift this when he thinks the RM will strengthen,... right ? BUt when will this day come ??

Nobody would want to buy our bonds anymore in future !!!!!!!!!!!! Money can get stuck,....

BUSINESS NEWS | Fri Nov 11, 2016 | 4:18am EST
Malaysia, Indonesia markets roiled as investors scramble for hedge on Trump

Emerging markets in Southeast Asia were slammed on Friday as Donald Trump's shock victory in the U.S. presidential election reverberated around the world, with Malaysian and Indonesian central banks acting to try to defend their currencies as investors sold stocks and bonds.

The latest selloff was triggered by investors revising their expectations, with a growing consensus that Trump's economic policies will be inflationary and push U.S. rates up faster than previously thought, driving funds out of emerging markets and into dollar-based assets.

Yields on benchmark 10-year Treasuries have spiked 41 basis points in the past two days as investors scrambled to readjust positions.

Emerging markets in Asia are particularly vulnerable to hot money outflows, and investors have been unsettled by the deep uncertainty over how broad U.S. and international policy will ultimately play out under Trump.

During Asian trading, the Malaysian ringgit sank to more than 12-year lows in the offshore market.

The ringgit's one-month non-deliverable forwards (NDFs) MYR1MNDFOR= lost as much as 3.7 percent in the offshore market from the previous close to 4.5395 per dollar, its weakest since at least September 2004, according to Thomson Reuters data.

By contrast, the ringgit spot MYR=MY barely moved at 4.27 per dollar with liquidity extremely thin. As a result, the dollar/ringgit's NDFs premium over the dollar/ringgit spot increased to 0.2695, the widest since at least April 2008, according to Thomson Reuters data.

Bank Negara Malaysia, however, made sure the spot rate remained relatively stable in the onshore market, traders said.

Malaysia's central bank governor Muhammad Ibrahim told a news conference, called to release upbeat economic growth and current account data, that the ringgit should not be priced out of sync with fundamentals.

And, he said, the central bank had a responsibility to tell banks to take temporary measures to calm the market.

"We don't want to be dictated by factors that have nothing to do with the country's fundamentals," Ibrahim said.

Later, the central bank issued a statement in which it added that it was providing necessary liquidity in the currency market.

Traders in Kuala Lumpur said the central bank had told them not to quote offshore rates and was approving large ringgit sell orders on a case-by-case basis. The tactic seemed to work with onshore trade reportedly very thin.

HOT MONEY HEADACHE

However, rising yields on Malaysian government bonds showed how much pressure the ringgit has come under. Yields on 10-years have jumped 22 basis points since Wednesday, while those on 20-year and 30 year bonds have soared 21 basis points and 10 basis points, respectively, over the same period.

Almost 40 percent of Malaysian government bonds are in foreign hands.

Malaysian stocks .KLSE were down almost one percent.

Indonesian markets also dived in early trade. Indonesia has enjoyed relatively high inflows into stocks and bonds markets in the past few months, making it vulnerable to hot money outflows at times of uncertainty.

The rupiah IDR=ID fell as much as 2.6 percent, while the Jakarta Composite Index .JKSE closed 4 percent lower, posting its biggest one-day drop since Aug 2013.

Nanang Hendarsah, an official at BI, said the rupiah's sharp drop was caused by sudden hedging activity in the NDF market, but noted outflows from Indonesian markets were contained so far.

Bank Indonesia intervened in both forex and bonds markets, deputy governor Mirza Adityaswara said. The central bank is ready to buy government bonds and will maintain the rupiah's value to reflect Indonesia's economic fundamentals, he said.

By trading drew to a close in Jakarta (0900 GMT), the rupiah had recouped some of its losses to stand 1.1 percent weaker than the previous close against the dollar.

The yield of Indonesia's 10-year government bonds jumped on Friday to 7.462 percent, its highest since July 1, from 7.417 percent. Foreigners own 38.4 percent of outstanding Indonesian government bonds.

Philippine stocks were also caught in the selloff with the main index .PSI tumbling more than 2.5 percent. The Philippines peso PHP=PDSP fell to 48.955, its weakest since September 2009.

For investors, particularly for those in emerging markets, the short term might prove a head-spinning affair.

"Mr Trump's economic policies present an upside risk to rates," said Khoon Goh, head of Asia research at ANZ.

"This, coupled with the depreciation pressure on Asian currencies, has put serious pressure on Asia's carry trades."

(Reporting by Fransiska Nangoy and Jongwoo Cheon; Additional reporting Hidayat Setiaji; Writing by Nachum Kaplan; Editing by Simon Cameron-Moore)
http://www.reuters.com/article/us-emerging...SKBN1360AZ?il=0

During the US session last night, the MYR recovered,....

Not that I am always advocating for the Singapore Dollars, but certainty is very important for the majority of us,... not the punters and the speculators, of course,...

This article proves it. The incident yesterday stands for this thinking of mine, gentlemen,.. : http://www.thestar.com.my/news/nation/2016...over-positions/

yes as long as umno in power, myr is hopeless, but holding sgd or usd etc.. the money is not working for us, yes true we can preserve the value of the currency but interest rate is sooo low there, exchange and keep under the bed is even worst.

once i thought of converting all my saving into sgd in Singapore and invest in fsm singapore, but the ut there is not doing well too.

at least keep in myr fd is 3% +,  buy local unit trust like kenanga growth fund etc.. have the potential to get 10% +.

thats the dilemma.

it is heartbreaking to see my insurance plan *depreciating*.

Hot funds are moving back to the USA, so demand for usd will persist for some time....if bnm don't react, the myr will stay low, even lower than now....or bnm can respond by selling usd, but that will deplete reserves....or they could continue current directive to ignore nfc overseas and only quote local rates, effectively fixing exchange rate, but potential dire consequences the longer this control is in place....

If the Fed raise rates....the outflow will worsen....unless bnm raise rates as well....which will dangerously increase defaults of local debts...

Regional currencies remain unstable
http://www.thestar.com.my/news/nation/2016...il-middecember/