Sunday 5 March 2017

Ringgit Malaysia. Solo Dance

Is a current top 20 UK hit for Martin Jensen.

It looks like the Ringgit will be doing a solo dance this week, as the market looks worriedly on what will foreign funds do with some RM10.5 billion worth of government bonds that will mature.

The next few days, its internal factors that are going to determine the Ringgit's fortunes, namely has Bank Negara Malaysia, SHOT itself on the foot by crimping the NDF markets.

The ringgit starts the day at 4.45 against the US dollar, 3.16 against the Singapore Dollar.

Satu Ribu Ringgit kini cuma bisa membeli 2.984 juta rupiah Indonesia....