Saturday 10 December 2016

Nazir Razak. Ivy Ng. Ringgit Malaysia. She Blinded Me With Science

Is the 1982 hit by one hit wonder Thomas Dolby.
Science is exactly what we are lacking, in trying to figure out where will the Ringgit will end against the US Dollar.
That my friends is the SCARIEST part, of all.
Take for instance, CIMB chairman Nazir Razak told Bloomberg yesterday, once the dust settles down, the Ringgit should trade at RM4.10 to RM4.20 against the Dollar.
This is barely, a month after an ANALYST from CIMB, Ivy Ng wrote in a report, that the ringgit outlook was negative .
Ng said there is a possibility of the currency  hitting between RM4.50 and RM4.80 against the DOLLAR over the next three to six months.
One bank , two out look, all in less than 30 days, is promoting me to have another listen to She Blinded Me With Science.