Is a hit from Paul Young's second album secrets of association.
New Straits Times is now saying that the Ringgit Malaysia is a GONER. Why suddenly, a report like this from NST? Is this the case of Bite The Hand That Feeds????.
Anyway, here is the NST report :
Global financial services firm Nomura expects the ringgit to tread at RM4.52 against the dollar by the end of this year, and to fall further to RM4.76 by the end of 2017.
In its equities and economic outlook briefing held here earlier today, Southeast Asia Economist, Euben Paracuelles and Southeast Asia Equity Strategist, Mixo Das, outlined the justifications for this.
"First of all, we are expecting a rate hike of 25 basis points (bps) from the United States Federal Reserve (Fed) this month," said Paracuelles.
"We are also expecting two more rate hikes in 2017 from the Fed. In response, we expect Bank Negara Malaysia (BNM) to cut interest rates, also twice next year," he added.
On top of that, he stressed that Malaysia, alongside Singapore, have been marked "underperform" within Southeast Asia because of multiple compression on its respective economies
Selanjutnya di : http://www.nst.com.my/news/2016/12/196483/nomura-expects-ringgit-fall-further-2017?m=1
