We bought AUD further while it was weak last week

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.

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 )

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: