News: Ringgit to move between 3.8 and 4.2 against US$ this year

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2 comment(s). Last comment by kk123 2016-06-03 07:36

kk123

1,964 posts

Posted by kk123 > 2016-06-02 20:58 | Report Abuse

Earlier in an investment conference, our najeeb proudly attributed the ringgit recovery is due to his good policies..now when it drop back where is he?
In truth the ringgit movement has nothing to do with what we do..but rather what US does..if US increase interest rate..then our rm will drop ..

kk123

1,964 posts

Posted by kk123 > 2016-06-03 07:36 | Report Abuse

Capital will flow back from emerging mkt back to US..when the interest rate in US goes up..hence rm could drop further if US raise its interest rates

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