Wednesday, 28 December 2016

Ringgit 4.17 . Bernama. Lose Your Self

Is the 2002 hit for Eminem taken from the album 8 mile.

Folks it looks like Bernama, which told Malaysia back in November to relax, because the Ringgit will be trading at RM4.20 to the US Dollar by Jan 2017 has done what the finance minister and Bank Negara could not do, it has single handedly brought down the Ringgit to RM4.17 versus the US Dollar.

Looks like the Bernama Business desk people might still be INTOXICATED from their Christmas party, because according to Bloomberg, the Ringgit trades at 4.4852, a fresh 19 YEAR high.

Bernama, please go lose yourself, or maybe have a bit more beer to get sober, because your report below is Stupid. Read on :

 Publish date: Thu, 29 Dec 2016, 11:31 AM 

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the United States yields reached a two-week low on overnight decline amid better demand for the local note, said dealers.

At 9.08 am, the ringgit was quoted at 4.1785/1835 against the greenback from 4.1860/1900 on Wednesday.

A dealer said the weaker-than-anticipated pending home sales data and an encouraging debt auction caused Treasury yields to deteriorate.

Meanwhile on the local front, there was renewed optimism as forex traders would want to end the year on a higher note, he said.