Category: US / Dollar related
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US$124 Billion is now OPEN to all nations, take or not?
As soon as I completed my final year papers way back in 1998, I went for a short tour of Europe. Actually, I went to just 6 countries. The awesome thing was I needed to buy just the Euro Rail Pass in the UK and I could use it to travel across all the 6…
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Currency manipulator? Please just take care of your ‘APPRECIATION’ lah.
You know most of us have a tendency to blame the world when something does not go the way we wanted? Like some CEO which said it’s not his fault that the product is no longer favoured by the customers? It must be the competitors’ fault. Well, the direction of the company is determined by…
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George Soros: Trump’s trade war? It will fail.
Many of my friends love Barrack Obama. It’s not important to understand why. Everyone should have their own preference. Just remember to know the reasons why instead of following anyone or group. Many of my friends do not think Donald Trump would be an amazing President of America. Well, he has really affected the ringgit…
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US$ fell. Mixed Outlook, Employment issues and ‘too bullish previously.’
US$ fell today. Since US$ fell, Ringgit rose. Trump has yet to make his mark, so why did US$ retreated? The reasons according to an article in Wall Street Journal is as follows: ‘Investors grew cautious of U.S. economic outlook.’ (Huh, just within weeks can suddenly grew cautious??) Another comment: “This is a realization that…
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Of Brexit, Trump and China. Just numbers.
Brexit happened first. It was an unexpected result and it sent the Pound Sterling (£) plunging. Effects to the ringgit? Insignificant in terms of any relevance but huge in terms of benefit. In fact it was considered good because parents with students studying in the UK will now be paying less. (Including my close colleague’s…
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Two days more, Fed ‘should’ raise rates
There are non-stop articles about the biggest day this year. It has affected most emerging market currencies. Federal Reserve ‘should’ raise rates this coming Wednesday. This would be the second time in 10 years that it will be raising rates. Yes, only the second time since the U.S economy did not do so well previously.…
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Fed will raise rates soon because ‘waiting is dangerous’
As per reported in CNBC, do read it here. Briefly, this was what was reported. Fed Chair Janet Yellen said the increase in rates could be “appropriate relatively soon.” (In English, it means that it should be quite soon) 😛 She said if rates were not raised soon, in future, Fed may have to move too…
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The effects from a new President is felt all over the world; investment wise.
The whole world was in a shock, especially the stock market and oil prices dropped until President Donald Trump’s speech. He praised Clinton and then urged Americans to “come together as one united people.” Yes, the campaign was an extremely divisive and hurtful one for those who were following both candidates closely. Read again and understand…
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Property market will be worse with Trump’s win?
During lunch today everyone was discussing about how Donald Trump seems to be leading in the race to become the President of the most powerful nation in the world. I have to agree that military wise, they are. Economically, it’s debatable. Anyway, all the comments were negative and one said everything will be bad if…
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ANOTHER expectation of a rate rise in December 2016, US$ lah.
Again, the ‘expectations’ of a rate rise being reported. As usual, one smaller currency would again be dumped on expectations that that super currency would be the focus of the world. It’s always chasing the one that has the most expectations of a gain within a short frame of time. Funny? Well, it applies to…
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Ringgit’s value is determined by the market. Period.
My colleague told another colleague who was visiting Australia two weeks ago about the Ringgit. She said, ‘Aiya, when we go overseas, no need to think about buying anything. Ringgit has depreciated so much.’ When I pointed out that it’s not true versus all currencies and definitely not versus AUD, she replied, ‘Can’t be. Ringgit…
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Trump: Very massive recession for the US soon
I read an article about massive recession in the U.S. First of all, I seriously hate it if the US hits a bad patch. It has reported weaker results and this has caused some concerns. However, one person seems to be extremely worried. He is the Republican presidential front-runner Donald Trump. At this juncture, he…