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 USD/MYR v5

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Ramjade
post Feb 16 2017, 10:57 AM

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Is USD stagnant or going up again?
TOMEI-R
post Feb 16 2017, 11:02 AM

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QUOTE(Ramjade @ Feb 16 2017, 10:57 AM)
Is USD stagnant or going up again?
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+- but around 4.3. Not much movement I would say.
Ramjade
post Feb 16 2017, 11:06 AM

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QUOTE(TOMEI-R @ Feb 16 2017, 11:02 AM)
+- but around 4.3. Not much movement I would say.
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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.

Cannot say the same for SGD. sad.gif
TOMEI-R
post Feb 16 2017, 11:08 AM

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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.

Cannot say the same for SGD. sad.gif
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Yup... but holding on to the USD is ok too. Since everyone accepts it worldwide.
Hansel
post Feb 16 2017, 11:15 AM

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QUOTE(TOMEI-R @ Feb 16 2017, 10:52 AM)
Sgd and Aud still going up.. though slowly.... sweat.gif
Dont have confidence on properties at the moment... so how? rclxub.gif
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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.

For currency plays, buy USD,... high chances to appreciate against ALL currencies in future,.. BUT,... the AUD is fighting back very strongly !
TOMEI-R
post Feb 16 2017, 11:18 AM

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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.

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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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. shocking.gif

USD is also at all time high bro... sweat.gif

This post has been edited by TOMEI-R: Feb 16 2017, 11:19 AM
Hansel
post Feb 16 2017, 11:29 AM

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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.  shocking.gif

USD is also at all time high bro... sweat.gif
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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.

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
TOMEI-R
post Feb 16 2017, 11:38 AM

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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.

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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Yes, its like a gamble. We must also consider we might miss the boat if we dont jump on now... Decisions.... Decisions. sweat.gif
AVFAN
post Feb 16 2017, 01:10 PM

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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/

Ramjade
post Feb 16 2017, 01:33 PM

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QUOTE(AVFAN @ Feb 16 2017, 01:10 PM)
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.
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This is bad sad.gif Please hold it until I can get back to Malaysia and change. cry.gif cry.gif
kmarc
post Feb 16 2017, 01:48 PM

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QUOTE(AVFAN @ Feb 16 2017, 01:10 PM)
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.
*
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!
wu ming
post Feb 22 2017, 04:36 PM

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RM still dropping? Notice money changers up their rate.
TOMEI-R
post Feb 22 2017, 05:59 PM

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QUOTE(wu ming @ Feb 22 2017, 04:36 PM)
RM still dropping? Notice money changers up their rate.
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Yes. doh.gif

No signs of it strengtening either. Before CNY, it was going up and down. It looks like downward only now.
wu ming
post Feb 22 2017, 06:38 PM

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QUOTE(TOMEI-R @ Feb 22 2017, 05:59 PM)
Yes.  doh.gif

No signs of it strengtening either. Before CNY, it was going up and down. It looks like downward only now.
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Hopeless country.
kopifan
post Feb 23 2017, 10:20 AM

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AUD rise started back in May last year around 2.93 region. Set to continue rising imho cry.gif
USD rise started back in mid-Apr last year around 3.84 region. Set to continue rising imho cry.gif
SGD rise started back in Apr last year around 2.86 region. Set to continue rising imho cry.gif
GBP rebound started back in Oct last year around 5.06 region. Set to continue rebouncing before big tumble imho hmm.gif


Hansel
post Feb 23 2017, 01:13 PM

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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  cry.gif
USD rise started back in mid-Apr last year around 3.84 region. Set to continue rising imho  cry.gif
SGD rise started back in Apr last year around 2.86 region. Set to continue rising imho  cry.gif
GBP rebound started back in Oct last year around 5.06 region. Set to continue rebouncing before big tumble imho  hmm.gif
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I have a feeling that our f'ed up gov't is trying to prevent the citizens from travelling outside of the country,...
TOMEI-R
post Feb 23 2017, 04:56 PM

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QUOTE(Hansel @ Feb 23 2017, 01:13 PM)
I have a feeling that our f'ed up gov't is trying to prevent the citizens from travelling outside of the country,...
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Or rather their taps have run dry defending the ringgit againsts the USD last 2 months. Now they just dont give a damn anymore.
AVFAN
post Feb 23 2017, 06:38 PM

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QUOTE(TOMEI-R @ Feb 22 2017, 05:59 PM)
Yes.  doh.gif

No signs of it strengtening either. Before CNY, it was going up and down. It looks like downward only now.
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Like i have said umpteen times...

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
simonhtz
post Feb 24 2017, 12:12 AM

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QUOTE(AVFAN @ Feb 23 2017, 06:38 PM)
Like i have said umpteen times...

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.
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What the rest of the world think your currency is worth. Damn bud, that's cruel man.

I understand the situation maybe dire right. Ow, but would there be a shimmer of hope?

Guys, what your view on this?
Ramjade
post Feb 24 2017, 12:14 AM

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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.

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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You can continue to wait while the currency continue to slide whistling.gif or you can take some action bruce.gif flex.gif
Your choice. There's no right/wrong.

This post has been edited by Ramjade: Feb 24 2017, 12:14 AM

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