$ weakened today, $ index <101.

most other currencies gained against it.

but rm (and rupiah) very weak... 4.46x still.

possible the market is factoring in a fall in oil prices later today expecting opec no deal.

no, that is india's RUPEE!

u already know the answer(s).

anyway, how about...

the misinformed will say "tourism".

the dreamers will say, "donations".

the greedy will say, "national assets".

the disillusioned will say, "new mo1".

i would think those with significant amounts abroad have been or are doing it with a conscious plan - the money is mainly planned for outside use.

only greedy politicians/cronies will be doing it big time to profit in RM.

there are small fx punters, of course.

never say never!

Oil bursts higher as OPEC Secretary-General promises deal today

the punters are going wild now.

the cnbc commentator said even tourists are, at this time, buying oil options & futures!

well, we have to see what "deal" will be made.

the deal may be a light one, or simply, "we agree to talk again".

for now, we are seeing just the volatility.

$... i think may not be impacted much immediately.

very consistent with latest news:

OPEC reaches agreement to cut oil production to 32.5 million barrels a day: Oil ministers


oil spiked 8%.

$ rising again.

doesn't look like RM will gain but looking like going down further!

same old, same old... rising $, weak RMB, low oil price... all external, can't control, not too bad.

oil price up 8%.

RM still 4.46x.

looks like oil price has become moot!



why some are saying RM is strengthening??

it does look to me bnm is intervening, buying and selling to keep it 4.45- 4.50, not higher, not lower.

if so, where is the chance to strengthen?!


it all goes back to what can strengthen the RM.

zilt, nothing at this time.

even power mouths are repeating again and again "all external, can't control, not too bad".

so, i think we now have a new norm - 4.5.

for now, the show is over, everyone can now go home and do what they do with a stable exchange rate.

ok also!

This post has been edited by AVFAN: Dec 1 2016, 11:25 AM

opec deal, oil price up, pressure on rm.
trump win, pressure.
fed hike, pressure.
rmb devalue, pressure.
cpo price down, pressure.
foreigners sell bursa, pressure.
foreginers sell mgs, prsessure.

rm is in a pressure cooker or what?!




now, this is what is diff this time...

normally, when oil price goes up, $ goes down. if both are going up, it does spell trouble for some countries. the energy bill will bloat quickly, fueling inflation.

locally, petrol price just came down, can expect a hefty incr on jan 1.

with a weak RM, what goods will NOT go up in price then?

gotta do another round of shopping soon.

merry Xmas & happy new year!

maybe something to do with expectations of hunky dory, privilege, handicap.

u call it peg, i see intervention.

never mind, same effect... that be the case, we'll see when the power gets turned on again!

This post has been edited by AVFAN: Dec 1 2016, 06:00 PM

we see what 2017 will bring.

not good for rm according to goldman:

don't know, but i would think about 4.0 since that was the avg in july-sep.

can recalibrate until the cows come home.

result will be the same - issue more sukuks/mgs.

can't see how else to fulfill the spending or more than likely, overspending.

hope so.

maybe 5% for 10 yr.

what happens to RM then?

analysts and forecasters do what they do for a job or an income.

that's just what it is - predictions, nothing more.

that guy, he's the owner of his own firm, said this 6 and 9 months ago:

that will take some special clandestine skill, doesn't it?!


anyway, speculation is this bank has given up becos "can buy, cannot sell".



This post has been edited by AVFAN: Dec 2 2016, 09:14 AM

ok, looks like issues are unrelated.

google "ringgit news" now, u get:

another "prediction":



will locals do these jobs?



This post has been edited by AVFAN: Dec 2 2016, 04:43 PM

latest... will this shore up the RM or will be make it worse?

will need experts to comment...