What happen if BNM can prove how it intervene without using reserves?

Still waiting for bnm answer on how they managed to intervene without using reserves

I put fwd the hypothesis that BNM was was actually doing 'hostage-taking' and 'indirect pegging' instead of intervening. Somehow, the person who spoke to the press calls it intervening, whether he knows the true meaning of the word or not.

And they used the deputy to give statements to the press, so that the main man can override him later if necessary.

Let's hope BNM gives a clarification to our questions. If they don't, then it's even worse,...another ambiguity from this gov't,...

I dun think BNM officials will clarify
Thus, the suspense continues...

looking ugly...



$ strength is expected to continue well into 2017.



opec cut may be too little late too late for the RM.
higher petrol prices and much weaker purchasing power for the RM will hurt our pockets deeply next year.
if add GST incr, even harder.



This post has been edited by AVFAN: Nov 25 2016, 10:11 AM

Then the theory of ambiguity continues, and the lie-upon-lie predicament shows its ugly head again.

Bloomberg said we won't have enough reserves

http://www.bloomberg.com/news/articles/201...come-out-on-top

And all the speculation continues
But seriously, bnm should issue some clarifications..
Its bad now we all doing guessing game..

For financial market to function efficiently, central bank integrity is critical. Historically, no one has ever doubt bnm integrity. Hope this hasn't change else it will be a huge price to pay.

This post has been edited by icemanfx: Nov 25 2016, 11:26 AM

no need to guess la...

it is not the first time not answering such questions.

we will just get the consequences.

BNM reports higher Ringgit, US$ transactions
http://www.thestar.com.my/business/busines...;-transactions/

M not sure whether officials in Putrajaya read the statistics or they dunno how to read

MYR is moving slowly from 4.1885 on 1/11 to 4.4650 now
Assume it goes up by 2bps in a day, MYR could touch 5 by end of the year

not a problem, can always say better than somalia, north korea.

or blame dr m, soros - a couple of bloggers ramming up this spin now.

aromachong will return very soon.

This post has been edited by AVFAN: Nov 25 2016, 01:08 PM

I was away for 1 week feeding kangaroo's. Was she in kangaroo land also and have not returned yet ?

Latest prediction, from national austrakia bank.


NAB expected that the dollar would fetch as much as 4.85 ringgit at the end of 2017, Julian Wee, senior markets strategist for Asia at NAB and one of the writers of the note, said via email.
http://www.cnbc.com/2016/11/24/malaysian-r...1mdb-risks.html

Personally think all these guys at the bank predicting FX movements are full of it.

They usually just issue notes echoing the general sentiment of the currency at date of issue.

If MYR trending upwards - "3.80 by end-2017!".
If MYR trending downwards - "4.80 by end-2017!".

If anyone can correctly predict currency movements, you think they will be working as a economic analyst in a bank?...lol

Yah the prediction change with time.

I also can predict, 4.85 by end 2017.

Predicting absolutes is nonsense soothsaying.

Predicting trends is different.