Yeah,... the ridiculous RM weakened again today,....

u mean 4.25.

after potus elections nov 8, usd likely to strengthen after retreating lately; fed rate hike imminent dec 14.

i think not.

potus does not decide on such policies.

my read: fed is ready and will hike, whoever wins.

Will the USA's election have any effect on our currency soon? Like Brexit, although in short amount of time but the rate goes down so quickly

Trump about to win.

Market sees that as anti trade.

Reactions so far...

Usd, yen, stocks, fall.

Bonds, gold, rise.

Will be explosive later in the afternoon, tonight.

xe.com usd 4.24

api said +4.4mil.

if eia says same or higher, your 4.25 will be here.

and if fed hike rates (still >60% priced in after trump win), 4.30 will be on the cards by dec 31.

weird..it didn't go the direction it should be?
trump wins?
USD hit 4.25
yen is recovering so fast...yesterday night its still 4.10x....9 hours later, its back to 4.01x??

Xe.com 4.25  d

what happen?
YEN and USD just went wild and have a spike

Developing-nation currencies tumbled after the prospect of increased spending under a Donald Trump administration propelled the Bloomberg Dollar Spot Index to the highest since March on Thursday.
“There’s thin liquidity and strong dollar sentiment,” said Wu Mingze, a foreign-exchange trader in Singapore at INTL FCStone Inc., a Nasdaq-listed global payments-service provider. “Emerging markets are going full crazy at the moment. It’s not central bank intervention or any major news.”

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

Looks like some buying to support MYR...4.40 now

This is the offshore rate,... hence, logically, if we are able to buy USD INSIDE Msia, and then use this USD outside of Msia, it would be better than to convert RM into USD outside of Msia.

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

Really cannot predict the movement tomorrow..
Could be bad
Who knows could even reach 5 MYR

When we say RM5 or any rate that we desire for that matter, we are effectively saying that we are keen to 'act' on that rate, be it to buy or to sell the USD at the desired rate.

But now, BNM has stopped us from taking actions on that rate, so,... we are literally stuck with USDs that can't be used in conjunction with our livelihood in the country.

Secondly, even if they do let us act on that rate, the spread will be so big that it becomes  nonsensical to act on it.

This experience has taught us a lesson in that if we keep foreign currencies in the country, it is still not safe.

given that, i would think some other pegs may fail soon.

what u think?