Will Ringgit strengthen against US Dollar this year if there is no interest rate cut?
Now, know that Bank of Japan recently burn 62 bil USD strengthen its all time low Yen against USD
But that’s just about 5% of its 1.2 trillion USD forex reserves
And BoJ said it had some ‘effect’ I’ll let you be the judge whether you agree, or not
Versus, Msia, only has 0.1 trillion USD forex reserves, about 10% of what Japan has
Our BNM said coordinated efforts has strengthened Ringgit w/o needing to spend tens of billions
However, tell me if you really can feel the difference between 4.79 & 4.71 Ringgit vs USD now?
With events like this adding oil to the fire? #ringgitmalaysia #bursamalaysia #malaysiafinance #ringgitmalaysia
Now, know that Bank of Japan recently burn 62 bil USD strengthen its all time low Yen against USD
But that’s just about 5% of its 1.2 trillion USD forex reserves
And BoJ said it had some ‘effect’ I’ll let you be the judge whether you agree, or not
Versus, Msia, only has 0.1 trillion USD forex reserves, about 10% of what Japan has
Our BNM said coordinated efforts has strengthened Ringgit w/o needing to spend tens of billions
However, tell me if you really can feel the difference between 4.79 & 4.71 Ringgit vs USD now?
With events like this adding oil to the fire? #ringgitmalaysia #bursamalaysia #malaysiafinance #ringgitmalaysia
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