Will RM weaken further against USD? 

We are always supporting USD is over valued.  For an expected 25 basis points hike is not justify for a strong run. Even Trump won is yet to show a total revolutionary package for US economy.  More important Emerging market currencies are not weak as declared by some punters.

However, the trend of the force is towards weak Emerging market currencies. We think the strong US dollar may be near it’s peak again.

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