We bought more as Aussie dollar continues weakening

RBA Cuts Key Rate to Record 2.25%, Says Currency Overvalued.  As of today RM 2.76 vs AUD 1.  AUD has depreciated more than 15% against RM and probably more against USD.

We see AUD will continue weakens further to below RM 2.60 to RM 2.70 in 6 months.  That will be great news for our real estate investment in Australia!  Probably a 20% discounted rate to our initial targeted value.

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