Monday, 14 November 2016

Ringgit Malaysia. Blue Moon (Part 2)

The Ringgit is trading at RM4.34 to the US Dollar.

CIMB is selling the Dollar for RM4.38 while Maybank is selling ONE US Dollar for RM4.40.

The Ringgit is not getting any BREAKS, with IRAN now set to drop a bombshell.

Opec had promised an oil production cut. On the converse, key OPEC member Looks set to do an OIC stance on the OPEC plan, by announcing SOON an INCREASED oil production of 250,000 barrels per day.

Brent crude oil futures have dropped a substantial amount to under $44 per barrel.