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44 comment(s). Last comment by Junichiro 2016-11-11 14:26

speakup

27,040 posts

Posted by speakup > 2016-11-11 11:36 | Report Abuse

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

speakup

27,040 posts

Posted by speakup > 2016-11-11 11:37 | Report Abuse

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

probability

14,496 posts

Posted by probability > 2016-11-11 11:43 | Report Abuse

im from Zimbabwe...Hakuna Matata!

Beza

1,847 posts

Posted by Beza > 2016-11-11 11:45 | Report Abuse

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

Blink22

106 posts

Posted by Blink22 > 2016-11-11 11:46 | Report Abuse

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

$100 billion Rosmah

sapurakencana

1,144 posts

Posted by sapurakencana > 2016-11-11 11:48 | Report Abuse

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

speakup

27,040 posts

Posted by speakup > 2016-11-11 11:48 | Report Abuse

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!!!!

Lk036

929 posts

Posted by Lk036 > 2016-11-11 11:49 | Report Abuse

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

speakup

27,040 posts

Posted by speakup > 2016-11-11 11:49 | Report Abuse

these so called leaders DONT LOVE OUR COUNTRY!

VenFx

14,784 posts

Posted by VenFx > 2016-11-11 11:51 | Report Abuse

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

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 11:53 | Report Abuse

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

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 11:53 | Report Abuse

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....

nicky11

654 posts

Posted by nicky11 > 2016-11-11 11:54 | Report Abuse

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

ruslimz

1,609 posts

Posted by ruslimz > 2016-11-11 11:57 | Report Abuse

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

stockraider

31,556 posts

Posted by stockraider > 2016-11-11 11:57 | Report Abuse

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

alvinchiam

1,555 posts

Posted by alvinchiam > 2016-11-11 11:59 | Report Abuse

buy

Noob123

15 posts

Posted by Noob123 > 2016-11-11 11:59 | Report Abuse

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

Junichiro

2,063 posts

Posted by Junichiro > 2016-11-11 11:59 | Report Abuse

Capital controls coming ??

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 11:59 | Report Abuse

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

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 12:00 | Report Abuse

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

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 12:01 | Report Abuse

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

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 12:02 | Report Abuse

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

Koon Bee

255 posts

Posted by Koon Bee > 2016-11-11 12:02 | Report Abuse

Haha...master murali

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 12:03 | Report Abuse

Murali is with Simon Kueh now.RIP.

kl foong

421 posts

Posted by kl foong > 2016-11-11 12:06 | Report Abuse

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

nicky11

654 posts

Posted by nicky11 > 2016-11-11 12:10 | Report Abuse

Now is 1 USD = 4.43749 MYR

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 12:12 | Report Abuse

I saw 4.39 now?

Junichiro

2,063 posts

Posted by Junichiro > 2016-11-11 12:17 | Report Abuse

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.

clp72

817 posts

Posted by clp72 > 2016-11-11 12:17 | Report Abuse

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

CharlesT

14,953 posts

Posted by CharlesT > 2016-11-11 12:24 | Report Abuse

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

Posted by WaKaLuGong > 2016-11-11 12:25 | Report Abuse

Malaysia 3Q GDP 4.3%

Source: Bank Negara Website

jasonor

1,004 posts

Posted by jasonor > 2016-11-11 12:30 | Report Abuse

after myr trading lifted then how?

Junichiro

2,063 posts

Posted by Junichiro > 2016-11-11 12:32 | Report Abuse

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.

Junichiro

2,063 posts

Posted by Junichiro > 2016-11-11 12:34 | Report Abuse

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.

r°Moi

5,802 posts

Posted by r°Moi > 2016-11-11 12:38 | Report Abuse

"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."

Junichiro

2,063 posts

Posted by Junichiro > 2016-11-11 12:39 | Report Abuse

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

r°Moi

5,802 posts

Posted by r°Moi > 2016-11-11 12:40 | Report Abuse

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

Posted by 静思# 是修养也是修行 > 2016-11-11 12:40 | Report Abuse

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

Posted by 静思# 是修养也是修行 > 2016-11-11 12:43 | Report Abuse

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

Posted by 静思# 是修养也是修行 > 2016-11-11 12:44 | Report Abuse

all brothers
will delete and make no messy later

jonatlau79

419 posts

Posted by jonatlau79 > 2016-11-11 13:30 | Report Abuse

Withdrawn From Malaysia, Flow In Indonesia

Junichiro

2,063 posts

Posted by Junichiro > 2016-11-11 14:23 | Report Abuse

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

Annetan

852 posts

Posted by Annetan > 2016-11-11 14:24 | Report Abuse

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

Junichiro

2,063 posts

Posted by Junichiro > 2016-11-11 14:26 | Report Abuse

I do not think it is a currency attack.

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