Malaysian Ringgit is very weak even against ASEAN currencies. There is a danger that investors must watch especially when USD is strengthening while the RMB is weakening further.
1. USDMYR at Asian Financial Crisis level. 2. Ringgit ranked 6th constituent in RMB index. Ringgit lost half its value to USD since 2011. USDMYR now at 4.3115.
When is time to buy Singapore stocks? At generational opportunity when market corrects between 63 – 68% like the past 2 financial crises.
Indian Rupee: Oh so not sexy In this posting “Why should individuals invest in foreign currency?“, one of the reasons for an individual to hold foreign currencies is to protect and diversify. This is because a currency can lose value very quickly during a crisis
Fibonacci Retracement Levels predicted 3 major turning points for Straits Times Index in past 15 years; predicts one level in next correction.