Ringgit at 4.38 against USD

Publish date: Thu, 01 Oct 2015, 03:23 AM

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today as gains in regional equities helped bolster risk sentiment.

At 9am, the ringgit was traded higher at 4.3850/3940 against the greenback from 4.3935/3975 at 5pm on Wednesday.

"There could have been some short-covering in Asian currencies," a dealer said.

He said this came after the ringgit touched 4.4800 against the greenback, its weakest level since January 1998.

The ringgit was traded mixed against a basket of other major currencies.

It rose against the Singapore dollar to 3.0837/0904 from 3.0866/0914 on Tuesday, but depreciated against the yen at 3.6575/6666 from 3.6539/6576.

The local note increased against the pound sterling to 6.6323/6477 from 6.6676/6754 yesterday, but weakened against the euro to 4.8945/9055 from 4.9321/9384. -- BERNAMA

Discussions
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calvintaneng

Critical month of October is here!

The Great Depression of 1929 started in the month of October.

Black Monday was in October 19th 1987.

Will USA go through This October unscathed?

Yet to be seen.

As of now the US Dollar is grossly overvalued & the Ringgit is grossly undervalued.

Every where in the world from Eurozone to Japan to China to USA real growth is only zeor to 2% at best. Today even Hong Kong expects only a mere 2% growth while Singapore now in recession.

Malaysia stands out with a nice 5% growth. The Star Performer is in BOOMING ISKANDAR REGION OF JOHOR WHERE GROWTH IS STILL AN IMPRESSIVE 7% to 8%


NOW IS THE TIME TO UPROOT FROM WHERE YOU ARE AND MOVE TO RED HOT ISKANDAR!!

By Calvin Tan Research

Jurong West, REPUBLIC OF SINGAPORE

2015-10-01 11:36

yfchong

Q buy kimlun..... iskandar and SMRT...,any views.

2015-10-01 11:38

calvintaneng

Kimlun the Golden Dragon is good

Try to buy on weakness

2015-10-01 11:41

apanama

dont worry too much..the MYR will stabilise around 4.30..:)

2015-10-01 12:33

andychucky28

Now is 4.45 alreaady.

2015-10-01 12:39

AyamTua

madih jialat ah? ka.... ni.... na.... kikikiii

2015-10-01 21:15

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