Is USD stagnant or going up again?
USD/MYR v5
USD/MYR v5
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Feb 16 2017, 10:57 AM
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All Stars
24,380 posts Joined: Feb 2011 |
Is USD stagnant or going up again?
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Feb 16 2017, 11:02 AM
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#842
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 16 2017, 11:06 AM
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All Stars
24,380 posts Joined: Feb 2011 |
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Feb 16 2017, 11:08 AM
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#844
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(Ramjade @ Feb 16 2017, 11:06 AM) Excellent. The RM peg should hold the rise of USD at bay even if it's moving up for the time being... (which means getting the USD at cheaper price compare to real rate) Need some USD. Yup... but holding on to the USD is ok too. Since everyone accepts it worldwide.Cannot say the same for SGD. |
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Feb 16 2017, 11:15 AM
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Senior Member
9,361 posts Joined: Aug 2010 |
QUOTE(TOMEI-R @ Feb 16 2017, 10:52 AM) Sgd and Aud still going up.. though slowly.... I think,... if you have confirmed needs for the AUD for now or in the near future, must buy already,.. if no need, then can sit back. But I really don't think the MYR is going to restrengthen anytime soon vs the SGD and the AUD.Dont have confidence on properties at the moment... so how? For currency plays, buy USD,... high chances to appreciate against ALL currencies in future,.. BUT,... the AUD is fighting back very strongly ! |
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Feb 16 2017, 11:18 AM
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#846
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(Hansel @ Feb 16 2017, 11:15 AM) I think,... if you have confirmed needs for the AUD for now or in the near future, must buy already,.. if no need, then can sit back. But I really don't think the MYR is going to restrengthen anytime soon vs the SGD and the AUD. Yeah.. should have change about a month ago. Back then everybody said Aus economy is in trouble. Should expect AUD to lower a bit but that didnt happen. Now still thinking if to change now or not. AUD today is 3.46 already. For currency plays, buy USD,... high chances to appreciate against ALL currencies in future,.. BUT,... the AUD is fighting back very strongly ! USD is also at all time high bro... This post has been edited by TOMEI-R: Feb 16 2017, 11:19 AM |
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Feb 16 2017, 11:29 AM
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Senior Member
9,361 posts Joined: Aug 2010 |
QUOTE(TOMEI-R @ Feb 16 2017, 11:18 AM) Yeah.. should have change about a month ago. Back then everybody said Aus economy is in trouble. Should expect AUD to lower a bit but that didnt happen. Now still thinking if to change now or not. AUD today is 3.46 already. NO bro,... Aus economy is showing good signs,... I struggled to chg from one to two mths ago, despite having quite some AUD in-hand too,... I'm glad my average exchange rate is now hovering at 3.35%, 3.26% and 3.28%. Still seems high compared to one year ago,... but this is the best for now.USD is also at all time high bro... With the converted AUD,... I will earn more AUD by investing into the ASX !!!!!!!!!! So,... I considered this is acceptable ! Edited by adding : I suspect that the Aus economic cycle is now on an uptrend. Hence,... If I go in now, I would be JOINING THE MKT on an uptrend,... we'll know later on down the road,... This post has been edited by Hansel: Feb 16 2017, 11:32 AM |
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Feb 16 2017, 11:38 AM
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#848
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
QUOTE(Hansel @ Feb 16 2017, 11:29 AM) NO bro,... Aus economy is showing good signs,... I struggled to chg from one to two mths ago, despite having quite some AUD in-hand too,... I'm glad my average exchange rate is now hovering at 3.35%, 3.26% and 3.28%. Still seems high compared to one year ago,... but this is the best for now. Yes, its like a gamble. We must also consider we might miss the boat if we dont jump on now... Decisions.... Decisions. With the converted AUD,... I will earn more AUD by investing into the ASX !!!!!!!!!! So,... I considered this is acceptable ! Edited by adding : I suspect that the Aus economic cycle is now on an uptrend. Hence,... If I go in now, I would be JOINING THE MKT on an uptrend,... we'll know later on down the road,... |
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Feb 16 2017, 01:10 PM
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All Stars
24,456 posts Joined: Nov 2010 |
There is felda/fgv jitters.
And there is 1mdb still. This below is pushing the rm down again, despite usd now pretty neutral against other majors. Bnm have a tough job holding at 4.45 with mega scandals unresolved. Usd 4.46 Sgd 3.14 Aud 3.44 Dun be surprised if bnm give up and let it slip according to market forces. QUOTE IPIC-1MDB talks on US$6.5 billion payment fail Reuters | February 16, 2017 Abu Dhabi investment firm's demand for US$6.5 billion from Malaysian state-owned investment firm will now be up for arbitration in UK. ipic-1mdb-3 ABU DHABI/KUALA LUMPUR: Private talks in which Abu Dhabi state fund International Petroleum Investment Co (IPIC) is seeking US$6.5 billion (RM29 billion) from Malaysia’s 1MDB fund have reached deadlock, sources familiar with the negotiations told Reuters. IPIC took its case to the London Court of International Arbitration (LCIA) last June but the two state-owned investment companies have been trying to thrash out a private settlement since then, the sources said. They have failed to bridge their differences, however, and may now leave the matter to the LCIA, the sources, who declined to be named, told Reuters. The court would probably take another 15 to 18 months to reach a verdict, one source said, and the delay in resolving the dispute could prove embarrassing for both sides. Malaysia’s government wants to distance itself from the affair, which is the focus of money-laundering probes around the world, before elections that will be called as soon as this year. “Private settlement has hit a wall – they are disagreeing on one or two big issues. It looks like the court will have to decide,” said a source close to the talks, although he added that an out-of-court settlement was still possible. An Abu Dhabi-based source said: “The best solution would be an out-of-court settlement, but that doesn’t seem likely.” In December, IPIC proposed that 1MDB pay it an initial US$1.2 billion to help reach a final settlement but the Malaysian side rejected this, the sources said. Spokesmen for IPIC and 1MDB declined to comment. The case is also potentially embarrassing for Abu Dhabi, which is traditionally secretive about its investments. In July last year, the US Justice Department filed lawsuits seeking to seize US$1 billion in assets bought with money stolen from 1MDB, including luxury real estate in New York, Beverly Hills and London, paintings and a private jet. Former IPIC group executives Khadem al-Qubaisi and Mohammed Ahmed Badawy al-Husseiny were named in the US lawsuits. Al-Qubaisi and al-Husseiny could not be reached for comment. Abu Dhabi police and government officials declined to comment. http://www.freemalaysiatoday.com/category/...n-payment-fail/ |
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Feb 16 2017, 01:33 PM
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All Stars
24,380 posts Joined: Feb 2011 |
QUOTE(AVFAN @ Feb 16 2017, 01:10 PM) There is felda/fgv jitters. This is bad And there is 1mdb still. This below is pushing the rm down again, despite usd now pretty neutral against other majors. Bnm have a tough job holding at 4.45 with mega scandals unresolved. Usd 4.46 Sgd 3.14 Aud 3.44 Dun be surprised if bnm give up and let it slip according to market forces. |
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Feb 16 2017, 01:48 PM
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(AVFAN @ Feb 16 2017, 01:10 PM) There is felda/fgv jitters. Really have to close both eyes. Just cannot see continuing uptrend of major currency against MYR. Even my AUD bond which loss some value still makes me some profits because of strengthening AUD!And there is 1mdb still. This below is pushing the rm down again, despite usd now pretty neutral against other majors. Bnm have a tough job holding at 4.45 with mega scandals unresolved. Usd 4.46 Sgd 3.14 Aud 3.44 Dun be surprised if bnm give up and let it slip according to market forces. |
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Feb 22 2017, 04:36 PM
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Senior Member
1,143 posts Joined: Sep 2008 |
RM still dropping? Notice money changers up their rate.
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Feb 22 2017, 05:59 PM
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#853
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 22 2017, 06:38 PM
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1,143 posts Joined: Sep 2008 |
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Feb 23 2017, 10:20 AM
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Junior Member
196 posts Joined: Apr 2015 |
AUD rise started back in May last year around 2.93 region. Set to continue rising imho
USD rise started back in mid-Apr last year around 3.84 region. Set to continue rising imho SGD rise started back in Apr last year around 2.86 region. Set to continue rising imho GBP rebound started back in Oct last year around 5.06 region. Set to continue rebouncing before big tumble imho |
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Feb 23 2017, 01:13 PM
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Senior Member
9,361 posts Joined: Aug 2010 |
QUOTE(kopifan @ Feb 23 2017, 10:20 AM) AUD rise started back in May last year around 2.93 region. Set to continue rising imho I have a feeling that our f'ed up gov't is trying to prevent the citizens from travelling outside of the country,...USD rise started back in mid-Apr last year around 3.84 region. Set to continue rising imho SGD rise started back in Apr last year around 2.86 region. Set to continue rising imho GBP rebound started back in Oct last year around 5.06 region. Set to continue rebouncing before big tumble imho |
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Feb 23 2017, 04:56 PM
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#857
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All Stars
24,219 posts Joined: Mar 2007 From: Kuala Lumpur |
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Feb 23 2017, 06:38 PM
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(TOMEI-R @ Feb 22 2017, 05:59 PM) Yes. Like i have said umpteen times...No signs of it strengtening either. Before CNY, it was going up and down. It looks like downward only now. WHAT is there to strengthen it? BNM? Exports? Tourism? Fdi? Money coming back? Syok sendiri? No, no... only more more scandals, more coverups, more debts, more money leaving, desperate troopers mouth foaming. Alas, the world is not as stupid as they think. And thats exactly what exchange rate is about - what the rest of the world think yr currency is worth. This post has been edited by AVFAN: Feb 23 2017, 06:39 PM |
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Feb 24 2017, 12:12 AM
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#859
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Junior Member
312 posts Joined: Jun 2006 |
QUOTE(AVFAN @ Feb 23 2017, 06:38 PM) Like i have said umpteen times... What the rest of the world think your currency is worth. Damn bud, that's cruel man.WHAT is there to strengthen it? BNM? Exports? Tourism? Fdi? Money coming back? Syok sendiri? No, no... only more more scandals, more coverups, more debts, more money leaving, desperate troopers mouth foaming. Alas, the world is not as stupid as they think. And thats exactly what exchange rate is about - what the rest of the world think yr currency is worth. I understand the situation maybe dire right. Ow, but would there be a shimmer of hope? Guys, what your view on this? |
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Feb 24 2017, 12:14 AM
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All Stars
24,380 posts Joined: Feb 2011 |
QUOTE(simonhtz @ Feb 24 2017, 12:12 AM) What the rest of the world think your currency is worth. Damn bud, that's cruel man. You can continue to wait while the currency continue to slide I understand the situation maybe dire right. Ow, but would there be a shimmer of hope? Guys, what your view on this? Your choice. There's no right/wrong. This post has been edited by Ramjade: Feb 24 2017, 12:14 AM |
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