Stock Infographics
MYR get attacked at 10:15 am ?
DonkeyStock
Publish date: Fri, 11 Nov 2016, 11:32 AM
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
malaysia 1st step towards becoming South East Asia's ZIMBABWE!
terima kasih Najib.
2016-11-11 11:37
sure affected by our 3rd quarter GDP,if GDP below 4,ringgit will continue drop
2016-11-11 11:48
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
100b rail project! Malaysia have so many ppl to take train? White elephant later?
2016-11-11 11:49
Corruption shud be hang.
Anti Corruption shud investigate all lack transpearencies mega projects.
2016-11-11 11:51
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
Mainly it is the rakyat who put this leader there mah...!!
The rakyat is to blame also loh....!!
2016-11-11 11:57
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
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
There is no much selling pressure on bluechips as well as the vol is thin...maybe EPF hands itchy
2016-11-11 12:01
Receiving news that trading of usd suspended today. Last transaction done at RM 4.48.
2016-11-11 12:06
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
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
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
"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
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
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
Confirmed. Foreign investors selling government bonds (see Malaymailonline today)
2016-11-11 14:23
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
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soon all our nasi lemak, roti canai price will increase!
2016-11-11 11:36