Is the 1994 hit single from the Cranberries, taken from their album no need to argue.
Looks like there is No Need To ARGUE that Bank Negara Malaysia has shot itself in the foot, by curtailing exporters holdings in foreign currencies, with out providing an alternate to the vibrant NDF market .
The Ringgit now is 4.46 against the US DOLLAR, a virtual ZOMBIE to the outside world.
There say, when it rains, it pours .For the Ringgit, it's certainly true. Read what has the Ringgit got to do, with America's CNBC saying thank you to Saudi Arabia :
Thanks, OPEC.
U.S. crude oil production surged by about 100,000 barrels a day last week, providing further evidence that American drillers are responding quickly to the higher prices that OPEC created by agreeing to curtail their own production.
American drillers were not among the nonmembers who agreed to cut. In the lower 48 states, they drove production to nearly 8.8 million barrels a day in the week through Dec. 9, according to the U.S. Energy Information Administration. That is up from about 8.7 million barrels a day the week prior.
To be sure, the weekly production figures are preliminary, and big jumps are not too rare. But a steadily rising four-week average for U.S. oil output points to an overall recovery. At 8.72 million barrels a day, the average was at its highest level since June.
Analysts warn that OPEC's bid to balance an oversupplied market by cutting production could backfire if it causes oil prices to rise too much. Those higher prices could cause U.S. drillers sidelined by low oil prices to start pumping more oil.
