Unfortunately i am not so well versed with Aussie assets.
I am dabbling insome stocks. But still not that comfy just yet.

CCash in Aus pays 1.5%....

At this juncture, it is no longer about economic numbers and such. It is above risk and confidence in the politics of the nation.
SG, a stable and transparent nation vs Msia, an unstable and rather opaque governance with multiple socio/political/religious risks.
Where, as a FDI would you rather?

Stoopid MYR back above 4.4

4.35! BolIH~!

1MDB resolved.......MYR flesing

Can't you smell the tongue in cheek?

Be that as it may, they will pay their way out of it with the Rakyat's money and get away with the money paid to the bogus Abu Dhabi company.

KUALA LUMPUR: The ringgit could weaken to 4.40 against the US dollar in the third quarter (3Q) of 2017, said Shan Saeed, chief economist at Dubai-based IQI Group, but the local currency is unlikely to crash as Malaysia’s fundamentals remain intact.

He has observed that the ringgit usually sees some weakening in 3Q and 4Q of the year, but will bounce back to its fair value of between 4.10 and 4.30 against the greenback.

The ringgit closed unchanged at 4.298 against the US dollar yesterday.

“The ringgit usually slides in the third and fourth quarters every year based on historical data. This is due to fund managers, which take long positions, adjusting their portfolios,” he told reporters on the sidelines of the RHB Banking Group Regional Conference 2017 yesterday.

“I think the ringgit will slide to 4.40 this year, but it will recover to 4.30 eventually,” he added.

Shan said the ringgit will be supported by an expected rise in crude oil prices going forward, while investor confidence and consumer spending remain strong.

He noted that weakening in the US dollar has also resulted in appreciation of the ringgit.

Despite a slew of negative news on Malaysia last year, he said, the ringgit was the best performing Asean currency.

“In December last year, everyone was talking about [the] ringgit falling to 5.80 against the US dollar, but currently it is still trading at around 4.30,” he said.

On Malaysia’s economic growth, Shan expects a gross domestic product growth of 4.8% to 5.2% for 2017 and 2018, supported by domestic consumption and investments.

http://www.theedgemarkets.com/article/ring...st-us-dollar-3q

Pipe dreams when your nation debt is rising so fast. Every year the budget is broken with supplementary budgets to prop it up.
This will break the camel's proverbial back as with all the nations deep in DEBT.

I doubt the FEDs are so gung ho.

AUD is so strong!

It went down to 3.16 about a month back?

Anyone saw this?

What will it do to the Ringgit?

http://www.thestar.com.my/business/busines...its-outPETALING JAYA: Bank Negara has hit out at the Singapore Stock Exchange (SGX) and the Intercontinental Exchange (ICE) in Singapore after the bourses introduced the trading of ringgit futures on their exchanges that went against the country’s policies.
Saying the introduction of the derivative contracts was inconsistent with Malaysia’s foreign exchange administration (FEA) policy and rules, the central bank reminded all market participants to observe existing FEA rules.
“Contravention of the FEA is an offence under the Financial Services Act 2013 and Islamic Financial Services Act 2013,” it said in a statement yesterday.
“Appropriate action under the law will be taken against any person that does not comply with prevailing rules and regulations.



“Foreign participants should access the onshore ringgit foreign-exchange market to meet their financial needs, either directly with onshore licenced financial institutions or their appointed overseas office.”
The ringgit is a non-internationalised currency, and thus, Bank Negara said the offshore trading of the ringgit in any form, whether as a non-deliverable forward (NDF) traded out of offshore financial centres or as a futures, options and other derivative contracts on exchanges outside of Malaysia, is against Malaysia’s policy.
Bank Negara has taken great effort to restrict the trading of the ringgit offshore. It decided to act in December last year against the offshore NDF market after seeing how the onshore rates were taking their cue from abroad on what the ringgit’s value against the US dollar should be.
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Read more at http://www.thestar.com.my/business/busines...at-sgx-and-ice/

Malaysian laws will not be able to dictate anything outside of Malaysia.

However, what does this derivative trade do to the Ringgit?

Of course, this will also give an avenue for BNM to prop or drop the value of the ringgit if need be.

Then external forces like Soros will be able to sabotage the Malaysian currency.

Sounds like Ringgit is at very high risk

Suddenly it's 4.15!

Will BNM cut OPR next week?

https://www.thestar.com.my/business/busines...-rate-on-may-7/

Try thinking in your own currency

I am referring to a MYR/Gold hedge. And that is reasonable since we are living in Msia.

This post has been edited by prophetjul: Mar 25 2020, 11:37 AM

And gold prices has risen. MYR1100 in 2002 to MYR7400 in 2020.
In 2012, QE effects was gone. Risk taking was on again. Till another QE was required. NOW>