No end in sight for ringgit, stocks rout....
#18
BE Enthusiast
Joined: Oct 2015
Posts: 464
Re: No end in sight for ringgit, stocks rout....
Euro went down again, slowly i doubt, that we will see the 5.00 again.
#19
Re: No end in sight for ringgit, stocks rout....
Well the ringitt has gone up about 10% since its low 2 months ago. No idea why though.
#20
Re: No end in sight for ringgit, stocks rout....
KLCI extends winning streak; ringgit strengthens | The Edge Markets
But I'm not totally convinced!
JC3
#21
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Joined: Oct 2015
Posts: 464
Re: No end in sight for ringgit, stocks rout....
China announced that it will sell USD and EUR Bonds and invest in Asian Emerging Markets currencys. And the government owned desaster company 1MDB that had a big role in the recent ringgit crash, sold parts of it´s business to China yesterday also.
#22
Re: No end in sight for ringgit, stocks rout....
GBP at RM6 today and will, I think, be going lower still. Hope you all changed up when it was at RM6.68?
GBP/EUR is at 1.28, the lowest for quite some time.
GBP/EUR is at 1.28, the lowest for quite some time.
#23
Re: No end in sight for ringgit, stocks rout....
IVV, September 10th 2015:
"With the pound at RM6.64, now may be a good time to convert some GBP. Personally, I doubt the ringett is going much lower at the moment..."
Norwegian Blue to IVV: "Who's a clever boy then?"
Great call IVV. Spot on.
I missed that one, expecting further weakness, and was lucky to get 6.60 in mid November. Spent it all now of course.
Still, went to see The Revenant (Leonardo DiCaprio) at the cinema yesterday. RM8.50 a ticket! Not going to break the bank is it? My bar of English chocolate from M&S cost more. Good film too.
JC3
#24
BE Enthusiast
Joined: Oct 2015
Posts: 464
Re: No end in sight for ringgit, stocks rout....