Monday, 16 January 2017

Ringgit Malaysia. Rupiah Indonesia. Castle On The Hill

Is a current top five UK hit for Ed Sheeran.

With the US Dollar looking like it's poised to tumble, unless Donald Trump get his act together, rest assured that Bernama shall be build a castle on the hill, on how fundementals are bringing the Ringgit back from the dead.

Any such talk for the Ringgit which yesterday traded at RM4.47 against the US Dollar is hogwash.

Just look at how the Ringgit is trading against the Indonesian Rupiah, will give you a better picture of the true strength or weakness of the Ringgit.

At last count, RM1000 is equivalent to 2.985 million Rupiah. This is the weakest level for the Ringgit in the current CENTURY.