News: Ringgit opens lower at 4.7695 to the US dollar as hopes for June US rate-cut fades

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4 comment(s). Last comment by arv18 2024-04-13 19:48

arv18

2,662 posts

Posted by arv18 > 2024-04-13 19:35 | Report Abuse

Dun worry - waiting for RM5 and then RM6 and onwards.

Its coming... to a cinema near you!

EngineeringProfit

20,663 posts

Posted by EngineeringProfit > 2024-04-13 19:39 | Report Abuse

This involves many external factors to deal with- beyond pmx's control/ability....unlike in-fighting and self-inflicted phantom menaces

arv18

2,662 posts

Posted by arv18 > 2024-04-13 19:40 | Report Abuse

"beyond pmx's control"???

RM90 Billion development budget in 2024 - External factor isit? Not in PMX control isit?

Are you sure you are an engineer?

arv18

2,662 posts

Posted by arv18 > 2024-04-13 19:48 | Report Abuse

The bank know how much money is leaving Malaysia. Supply and demand. That's why the rate is RM3.5++ to the SGD.

If the MY government does not demonstrate any fiscal responsibility the market will punish it via high inflation and weak ringgit.

PS how many cash handouts so far by PMX, MADANI this, MADANI that?

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