Posted by speakup > 2019-06-04 23:05 | Report Abuse

BODOH! want to talk about RM strengthening, talk about it when US$1=RM3.80 or better!

it's like Malaysia play soccer against Brazil, then Malaysia down 20-0 to Brazil, then suddenly score 1 goal against Brazil to make it 20-1, then brag about how great our Malaysia soccer is. WTF!

Posted by macro8 > 2019-06-04 23:11 | Report Abuse

Potential Fed rate cut causing slightly weaker USD

Posted by UnicornP > 2019-06-04 23:26 | Report Abuse

All wrong. Because Trump so far stopped tweeting.

Posted by moneypedia > 2019-06-04 23:37 | Report Abuse

Allright alright

Posted by erikkain > 2019-06-04 23:38 | Report Abuse

Definitely not because foreign funds coming in...

Posted by rajachulan > 2019-06-05 09:06 | Report Abuse

bcoz the fed's is veli likely to reduce rates soon....

Posted by laychee > 2019-06-05 09:40 | Report Abuse

The recent tech war made US Fed to almost confirm 3 rate cuts in the coming 6 months which is good for stock markets but bad for USD. Trump has been asking Fed to cut rates and he made it this time. Trump triumphs.

Ringgit did not strengthen. USD weakens.

Posted by Up_down > 2019-06-05 09:43 | Report Abuse

It is better for FED to keep talking potential of interest rate reduction, they don't really have to put into real action. A reduction of interest rate would also mean that the economy growth in deep shit.

Posted by teoct > 2019-06-05 09:45 | Report Abuse

I think what the author is saying is the Ringgit did not appreciate, it is the US$ that is weakening.

Nevertheless, I do not see the Ringgit ever breaching the exchange rate of RM4 anymore. We are really stuck in the middle income trap. Government of the day said basically "we will continually rely on foreign labour" just like the previous government.

There is no creative invention from Malaysia, we are just user of other people inventions. This, in essence, is the trade war between China and US.

Selamat Hari Raya to all Muslim bloggers / investors and happy holiday to the rest.

Posted by shortinvestor77 > 2019-06-05 11:18 | Report Abuse

62 years already still racist policy. Don't expect anymore changes after changing a new gov.

Posted by laychee > 2019-06-05 11:31 | Report Abuse

The new government looks like UMNO 2.0. Don't expect too much.

The education minister confirms this. (from the way he talks and is still ignorant what he conveyed was wrong and insisted that he was right)

Posted by springtreeinvestment > 2019-06-05 11:33 | Report Abuse

To strengthen the country is not a one day journey some more we are 10 years behind...

Posted by laychee > 2019-06-05 11:35 | Report Abuse

Yes, lower your expectation, hope for the best from the new government. That's all we can do.

Posted by emmcee > 2019-06-05 11:46 | Report Abuse

RM4.2 is psychology resistant..if 4.2 is broke then RM will be detrimental...

Posted by laychee > 2019-06-05 12:11 | Report Abuse

From technical point of view, yes. Just like US Fed stepped in yesterday just before the US market indices reaching the previous support line. If it broke the support line yesterday, markets could crash.

Posted by Up_down > 2019-06-05 12:24 | Report Abuse

It’s merely a myth in expecting PH government to make a radical change in policy from racism to meritism. It takes decades to shape the mentality through a proper formal education and public medias. Malaysia may encounter political instability if radical change is implemented in a hassle manner. Our KLCI might drop below 1000 and RM plunging to above 5 against USD.

Posted by emmcee > 2019-06-05 12:39 | Report Abuse

If Malaysia GDP can growth 0.1% consistently every quarter, i think ringgit go back 4.00 level is not an issue in between 1 or 2 years.

Posted by teoct > 2019-06-06 13:24 | Report Abuse

Everyone knows that changes must come through education and will take decades. However, education has always been manipulated since independence. Today is even worse, you know what I mean, so how to have chance for ringgit to appreciate given our ever deteriorating education level.

Posted by Heavenly PUNTER UBS Shanghai Future Analyst > 2019-06-06 21:39 | Report Abuse

keep driving away the talents lah how to strengthen give 100 years also the same