needs to learn a lot from u

OPEC deal hurts Asia FX; China takes more steps to curb outflows
http://www.theedgemarkets.com/my/article/o...s-curb-outflows

The pains continue for MYR despite production cut

OPEC production cut has no effect on MYR

No surprise as there's are bigger issues that influence the movement

4.46154 (XE rate) vs 4.4695 (BNM rate) at closing today

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!

well RM is very weak.. everything have some pressure
petrol price come down, I can only think 1 thing.. the big meeting in PWTC going on.. needs make them a bit happy.. can boast saying jibby perhatin nasib rakyat

as for shopping, it's under way now..

This post has been edited by nexona88: Dec 1 2016, 05:49 PM

yup. watching closely past few days on bnm website since u mention got peg..

didn't move above or lower than 4.46

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

Hahaha...
I know when speaker speaks at PWTC, delegate pleasure

hmm wonder how long it will last

we see what 2017 will bring.

not good for rm according to goldman:

Some biz man/entrepreneur say 4.46 is gud as they claim 'I can c clearly plus with certainty'

if no intervention, 5.00 confirm

Do u know wat is the assumption on exchange rate USD/MYR during 2017 Budget in Oct 2016?
Afaik tat they may calibrate 2017 Budget in Q1/17 to take into account external factors (as quoted in newspaper)

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.

The Malaysian Ringgit is expected to trade at 4.43 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.57 in 12 months time.

http://www.tradingeconomics.com/malaysia/currency/forecast

hello it's already trading 4.46 now.. buta kah

I predict there will b many takers for Sukuk/Mgs tis time coz the yield (10 yrs MGS) is High

according to Forecasts..

year 2020

1USD = 5.27 MYR

hope so.

maybe 5% for 10 yr.

what happens to RM then?

well what I know most Sukuk / MGS is bought by those locals funds like EPF, KWAP and others.. sure they will "support"