We have bought in AUD at below RM 2.80 spot rate. We like AUD at this level as it is also close to AUD 1 against USD 0.755. We may possibly see another downward of Aussie dollar but possibly not far from the current level. Unless Oil price recover back to USD 60 to 70 that may strengthen RM back to its level.
We bought AUD further while it was weak last week
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