How likely is the bounce back to happen (at least after Q1 '17 of course)?
USD/MYR v5
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 Dec 24 2016, 05:35 PM
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#1
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Junior Member
245 posts Joined: Aug 2015 
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Do you think RM is oversold now?
How likely is the bounce back to happen (at least after Q1 '17 of course)? |
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Jan 4 2017, 09:59 PM
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#2
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Junior Member
245 posts Joined: Aug 2015
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QUOTE(KTCY @ Jan 4 2017, 08:09 PM) will it MYR depreciating further ? News said rate passed 4.5 before lunch but quickly rebounce to 4.4x and close at 4.4x also. Maybe BNM is doing something... and the real rate is much worse?  just wondering.   |
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Jan 5 2017, 09:45 AM
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#3
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Junior Member
245 posts Joined: Aug 2015
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QUOTE(Lcclcc @ Jan 4 2017, 11:48 PM) What i wondering is instead of the measuring of our asset worth equal to USD was reduced, what is the significant impact to everyone living? Drugs. I worked in pharma industry before so i roughly know the unit price. Most drugs and antibiotics are not manufactured in Malaysia and the pricing use USD. My friend last year Apr kena 3 jabs of antibiotics charged 2k+, now i cannot imagine the price already. Government hospital seems running out of money pula...It seem that it's drastic changes frm RM3 to Rm4.5 for one USD, but what is the biggest impact we ever feel? You can cut-cost and reduce tech stuff, but you can't not take med when sick  |
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Mar 6 2017, 05:01 PM
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#4
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Junior Member
245 posts Joined: Aug 2015
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http://www.theedgemarkets.com.sg/article/f...laysian-ringgit
Analyst thinks MYR might strengthen against SGD. |
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Mar 24 2017, 09:44 AM
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#5
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Junior Member
245 posts Joined: Aug 2015
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The more they implement the scarier the small fries... Big investor then I'm not sure.
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