RM strengthened against most currency

Suddenly a swing of mode and RM closed closing to 2% up from low to USD,  SGD, AUD and etc.  Partly due to strong GDP announced and also FED comments to continue its existing tapering amount for at least few more months.  We also suspect slow down in foreign equity net selling and exiting local bourse may attributes to this.  The band of Fluctuation is widen and more volatility ahead.  We added AUD at 2.92 level.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog at WordPress.com.

Up ↑

%d bloggers like this: