QUOTE(GrumpyNooby @ Jul 21 2020, 08:14 PM)
What's the outlook for the Ringgit?With the Ringgit weakening against most of its peers, investors with foreign-denominated assets could be looking at additional gains. As such, we look to share our thoughts on the outlook for the Ringgit moving forward.
TakeawayThe COVID pandemic has brought economic challenges and grief to many parts of the world, Malaysia included. Faced with various challenges, global rating agencies have revised the Malaysian outlook to negative, which could place downward pressure on the Ringgit. BNM demonstrating its willingness in supporting the economy via cutting rates has added to the pressure. Further downside risk to the local currency could also stem from an escalation of the COVID pandemic.
However, the situation appears to be better as economies have started to reopen gradually. Analysts' estimation of 2021 GDP growth paints a decent recovery picture for many of the countries under our coverage. Coupled with a recovering oil price, an increase in local export activities could also provide some support to Malaysia's current account surplus. These positive elements are putting together a constructive picture of the local currency.
Should the Ringgit appreciate, local investors that invest in assets denominated in foreign currencies may incur losses from currency translation. As such, investors can consider opting for MYR-hedged class to mitigate upside risks from Ringgit and reduce volatility stemming from currency movements.
URL:
https://www.fundsupermart.com.my/fsmone/art...or-the-Ringgit- This article is right. But need to be aware also to not overestimate ringgit ability. Even with a weak dollar, historically I notice most myr hedge has lower overall return compared to non hedge.
QUOTE(guy3288 @ Jul 21 2020, 08:27 PM)
Gold is coming back again
Yea I saw. I am still in holding pattern. No new buy.
Jul 21 2020, 08:27 PM
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will you cabut if it dropped 3.8% in 10 days?
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