Oil also fell badly..Deloitte quits from 1MDB. Seems all fundamentals against ringgit. The only thing positive is probably the bailout from China.
USD/MYR v4
USD/MYR v4
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Jul 27 2016, 12:57 PM
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#21
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Oil also fell badly..Deloitte quits from 1MDB. Seems all fundamentals against ringgit. The only thing positive is probably the bailout from China.
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Jul 27 2016, 01:49 PM
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#22
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Jul 27 2016, 10:38 PM
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#23
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Jul 29 2016, 12:46 AM
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#24
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Jul 29 2016, 11:55 AM
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#25
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USD weakened all board !
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Aug 2 2016, 04:24 PM
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#26
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USD weakening fast..MYR weakening even faster !!!
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Oct 6 2016, 10:55 AM
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#27
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Oct 17 2016, 12:42 PM
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#28
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Nov 22 2016, 03:03 PM
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#29
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USDMYR rates stopped moving since yesterday..anyone experiencing this ?
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Nov 22 2016, 05:44 PM
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#30
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Nov 23 2016, 10:55 AM
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#31
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Do remember BNM governor made a surprise cut last time. This governor is full of surprises.. anything can happen
This post has been edited by ninjawin: Nov 23 2016, 10:55 AM |
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Nov 23 2016, 01:16 PM
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#32
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we live in an exciting time !
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Nov 23 2016, 04:48 PM
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#33
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QUOTE(limeuu @ Nov 23 2016, 03:36 PM) bnm doesn't have much of an option anyway...reducing rate would be suicide at this point....raising rate will also be killing a lot of businesses and people, who are highly geared...so no brainer staying put.... buy on rumours..sell on fact...the current rise of USD due to to fact that interest rates may rise. There may be little movement once it's formally announced. Anyhow, these days.. event may not turn out as expected or predicted by media. I rather keep an open mindhowever, come next month, after the fed raise rates, then they are really in trouble...who to defend?...the myr value and the bigger economy?....or local geared businesses and individuals...many may be malay/umno linked... the sensible move is raise rates too...debts can be restructured and mitigated...but politically may not be acceptable... |
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Nov 23 2016, 10:04 PM
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#34
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kangkung is cheap... no worries about USD
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Nov 24 2016, 10:40 AM
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#35
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Nov 30 2016, 09:32 AM
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#36
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QUOTE(limeuu @ Nov 29 2016, 06:31 PM) this is long term hedging NOT currency trading...ie hedging for future use....specifically for children's education... niceat that time, there is no local FC accounts, but it is still relatively easy to open accounts overseas...i opened accounts in the usual suspect countries oz, nz when visiting, and have a uk account from the time i was working there....and manage them online remotely... the cheapest way to transfer is by FC bank drafts....just change at the banks and then post them to the banks overseas to bank in... if you look at currency charts, there were long periods when aud was below 2, and nzd 1.6....and pounds below 5....whenever i felt it's worth it, and have spare money, just convert, buy a draft and send it over.... in later years, i use dci to convert..... as late as last 2 years, i had need for a substantial sum of aud, and dci most of it, at still good (compared to now) rates of below 3.... of course i over hedged, so after use for education, etc i still have deposits in these countries, which now becomes valuable...lol in addition, i have bonds in usd, bought when the usd was about 3.0 to 3.2.... |
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