Tag: fundamentals do not change overnight
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All the countries are worst compared to the U.S. economy? NO!
During lunch today, my colleague said better change more Ringgit into other currencies first. Ringgit will continue to depreciate. I disagree and repeated, ‘US$ will continue appreciating at least until their direction is clearer or after the rates have risen.’ Ringgit is way too small a currency to defend against all these huge movements. Fortunately,…