Is that, our currency ( now trading at RM4.15 to the Dollar), is the only major currency not going up against the US Dollar.
On the ground though, the US Dollar is hammering everyone.
READ this Bloomberg article to find out more:
The dollar climbed versus all its major peers as bonds dropped after investors boosted expectations for a Federal Reserve interest-rate increase this year. Asian stocks reversed gains as Samsung Electronics Co. and Chinese developers tumbled.
The MSCI Asia Pacific Index dropped by the most this month, led by technology shares after Samsung told retail partners to stop sales and exchanges of its Galaxy Note 7 smartphone. The greenback climbed at least 0.5 percent against currencies from New Zealand to South Korea and Taiwan as 10-year Treasury yields added four basis points following Monday’s market holiday. U.S. crude was near its highest price in 15 months.
