Stock Infographics

MYR get attacked at 10:15 am ?

DonkeyStock
Publish date: Fri, 11 Nov 2016, 11:32 AM
Visual content on financial market and investment trends

 

At 10:15 am, USD/MYR exchange rate reached 4.73. Anyone in the market knows what happen ?

At the same time, Indonesia Rupiah strengthen tremendously, Why ?

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Discussions
Be the first to like this. Showing 44 of 44 comments

speakup

soon all our nasi lemak, roti canai price will increase!

2016-11-11 11:36

speakup

malaysia 1st step towards becoming South East Asia's ZIMBABWE!
terima kasih Najib.

2016-11-11 11:37

probability

im from Zimbabwe...Hakuna Matata!

2016-11-11 11:43

Beza

NO WORRY. BE HAPPY. WE ARE ALL ON SAME BOAT.

2016-11-11 11:45

Blink22

$55 billion ECR........
$60 billion HSR....

$100 billion Rosmah

2016-11-11 11:46

sapurakencana

sure affected by our 3rd quarter GDP,if GDP below 4,ringgit will continue drop

2016-11-11 11:48

speakup

because of corruption, rm2.6bil gone which could've been used to support our ringgit from manipulators. now no more bullet to defend ringgit.... ringgit FREE FALL!!!!

2016-11-11 11:48

Lk036

100b rail project! Malaysia have so many ppl to take train? White elephant later?

2016-11-11 11:49

speakup

these so called leaders DONT LOVE OUR COUNTRY!

2016-11-11 11:49

VenFx

Corruption shud be hang.
Anti Corruption shud investigate all lack transpearencies mega projects.

2016-11-11 11:51

CharlesT

Dont worry be happy...we saw this b4 last year...

2016-11-11 11:53

CharlesT

Posted by VenFx > Nov 11, 2016 11:51 AM | Report Abuse

Corruption shud be hang.
Anti Corruption shud investigate all lack transpearencies mega projects.

Unless u believe in GOD and he really exist....

2016-11-11 11:53

nicky11

What happen MYR.... Really wondering....

2016-11-11 11:54

ruslimz

but dUMpNO love their 'great' leader.....

2016-11-11 11:57

stockraider

Mainly it is the rakyat who put this leader there mah...!!
The rakyat is to blame also loh....!!

2016-11-11 11:57

alvinchiam

buy

2016-11-11 11:59

Noob123

Its an isolated event only happens on Malaysia and Indonesia, dont know whether has any relationship with Malaysia being too close to China

2016-11-11 11:59

Junichiro

Capital controls coming ??

2016-11-11 11:59

CharlesT

Last year all the way dropped from 3.6+ to 4.4+ more scary lah...

Now from 4.2+ to 4.4+ dont tell me u scared till laosai...U saw bigger thing before mah

2016-11-11 11:59

CharlesT

If from 4.2 to 5 then i join u to scare also

2016-11-11 12:00

CharlesT

There is no much selling pressure on bluechips as well as the vol is thin...maybe EPF hands itchy

2016-11-11 12:01

CharlesT

Except MBB n Axiata...4-5M+ traded

2016-11-11 12:02

Koon Bee

Haha...master murali

2016-11-11 12:02

CharlesT

Murali is with Simon Kueh now.RIP.

2016-11-11 12:03

kl foong

Receiving news that trading of usd suspended today. Last transaction done at RM 4.48.

2016-11-11 12:06

nicky11

Now is 1 USD = 4.43749 MYR

2016-11-11 12:10

CharlesT

I saw 4.39 now?

2016-11-11 12:12

Junichiro

Probably those foreign funds in emerging markets assets are starting to move back to US in anticipation of rate hike. Other emerging market currencies are also affected. So much for those in the gomen who says things will go as usual.

2016-11-11 12:17

clp72

no such thing. its still trading... now at 4.38

2016-11-11 12:17

CharlesT

Again 3.6 to 4.4 u should scare...4.2 to 4.4 no worries

2016-11-11 12:24

WaKaLuGong

Malaysia 3Q GDP 4.3%

Source: Bank Negara Website

2016-11-11 12:25

jasonor

after myr trading lifted then how?

2016-11-11 12:30

Junichiro

Yes, trading in USD/MYR was briefly suspended just now. My friend working as a financial controller in a foreign firm called me to inform me. I think it is RM4.38 now according to some forex website.

2016-11-11 12:32

Junichiro

The spectre of foreign funds invested in financial assets leaving for US in expectation of a rate hike. I think it is only starting. Other currencies such as won was also affected.

2016-11-11 12:34

r°Moi

"To avoid Ringgit to weaken any furthur, Bank Negara has issued an order to ban all foreign currency exchange that involves MYR. So no FX conversion and DCI involving MYR for all banks and money changer today."

2016-11-11 12:38

Junichiro

But how long can it last? Unless they intend to impose capital controls.

2016-11-11 12:39

r°Moi

Trumps is a zero sum game?? Toxic...

2016-11-11 12:40

静思# 是修养也是修行

No capital control does not mean BNM give up to intervene using international reserve or create attractiveness in Ringgit (as a product)

2016-11-11 12:40

静思# 是修养也是修行

Pull and push factor for Ringgit until X'mas nite

Push:
Crude oil price
Malaysia Banking listed company latest quarter result
Major infrastructure kick start

Pull factor
Interest rate of US & US Corporate rate CUT
TPP revision

we shall examine one by one to put in probability chart to get direction

2016-11-11 12:43

静思# 是修养也是修行

all brothers
will delete and make no messy later

2016-11-11 12:44

jonatlau79

Withdrawn From Malaysia, Flow In Indonesia

2016-11-11 13:30

Junichiro

Confirmed. Foreign investors selling government bonds (see Malaymailonline today)

2016-11-11 14:23

Annetan

I noted the sharp spike in USD/ringgit.Following were the reasons cited
1)sell down in bonds by foreigners give weakness in bond mkt.currently they hols 36% of total bonds and more than 50% in MGS
2)RM11 b govt bond maturing on 15th nov
3)msia deems to be key loser shoud TTPA no taking off under trump
4)Close links with China may see spills over effect of -ve impacts arising frm Trump policies towards China
5)expectation of repatriation of US funds given potential fiscal spending in US and Trump new oerseas rade policies
6)Fed hike aggressively next yr if Trump embarks on growth agenda

2016-11-11 14:24

Junichiro

I do not think it is a currency attack.

2016-11-11 14:26

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