Ringgit Malaysia open lowers against USD and SGD.
Global economic issue such as trade war cannot be a constantly excuse of our sluggish performance of RM. It is in a pure downward trend for over the past three months, nothing has been done for this. We just cant reduce and deny the impact of USA raising interest rate.
Our currency has been sluggish and in a downward trend of over the past three months. Some actions have to be taken by the new government and as an investors we must have strong, dynamic awareness regarding this issue need to be address.
Especially when we are comparing our RM to SGD, is really a shame for us when the currency is dropping back to above RM3 !
Whats is your point of view as an investor?
If you are not foreign betrayer workers, you are definitely hoping our currency to rise.
shortinvestor77
Bank Negara has been intervening the currency market and as a result, ringgit slowly down but currency reserve is reduced from time to time. So let the market to decide, not intervention. BN can't fight with the market force.
2018-09-03 08:51