Saturday, 28 January 2017

Bernama. Ringgit Malaysia. Keliru

Is the 2002 hit for Ruth Sahanaya, taken from her greatest hit album.

I say man, BERNAMA you told us back in November 2016, to RELAX, and come January 2017, the Ringgit against the US Dollar will be 4.20. That never happened.

NAMPAKnya, sekarang BERNAMA sudah KELIRU, atau SENGAJA menipu untuk melindungi BONTOTnya.

BERNAMA which now says, it really doesn't know how the Ringgit will trade against the dollar, deliberately MIS informs it's readers that the RINGGIT had traded as low as 4.49 this week. This never happened either. The Ringgit is 4.43 and was trading between 4 .42 and 4.46.(figures rounded up)

Read this shameful report from Bernama Below :

The ringgit is expected to see cautious trading against the US dollar next week with investors wary over US President Donald Trump's economic policies, said an analyst.

FXTM Vice President of Corporate Development and Market Research Jameel Ahmad said currencies, including the ringgit, had been on recovery mode following another round of investors unwinding their positions on the greenback.

"As long as the US dollar continues to weaken in line with Trump’s comments that the US dollar is overvalued, the ringgit can continue to slowly recover," he told Bernama.

Another dealer said the market would also be sensitive to the US gross domestic product fourth quarter data released on Friday.

For the week just ended, the ringgit moved between 4.4260 and 4.4980 against the US dollar as the market is adjusting to Trump's policies.