Good News for Consumers as Ringgit hits 13-year High @ 2.9960

PETALING JAYA: Malaysians can look forward to paying less for imported goods with the ringgit strengthening to its highest level in 13 years.

Economists expect the ringgit to steadily appreciate against the US dollar with several predicting the local currency would strengthen to between 2.95 and 2.90 against the greenback in the coming months.

RAM Holdings Bhd chief economist Dr Yeah Kim Leng said the ringgit was projected to hit 2.93 against US$1.

As of the last trading day, the exchange rate stood at RM3.01 to US$1. It reached a 13-year high of 3.0290 on Feb 4.

This is the strongest level the ringgit has been at since the 1997/98 Asian financial crisis, when it was pegged to the US dollar. Dr Yeah said the strengthening of the ringgit went hand-in-hand with the weakening US dollar.

A stronger ringgit, he said, meant imported goods would be cheaper while boosting overseas purchasing power and savings on overseas education and travelling.

pagi ni dah break 3.000 level pun..cepat sungguh ~ 2.9960

Ringgit Dijangka Cecah RM2.20 Berbanding Dolar AS Menjelang 2012: MIA

KUALA LUMPUR: Ringgit dijangka mencecah RM2.20 berbanding dolar AS menjelang 2012, berikutan pengukuhan berterusan mata wang tempatan itu, kata Presiden Persatuan Pelabur Malaysia (MIA), Datuk Dr P.H.S. Lim.

"Ringgit, serta mata wang Asia yang lain, semakin menarik dan laris disebabkan oleh masalah kewangan selanjutnya dalam kesatuan Eropah dan memomentum ekonomi AS yang semakin perlahan," katanya kepada Bernama di sini hari ini. Lim berkata keluaran dalam negara kasar Asia dijangka mencecah 7.1 peratus berbanding purata global iaitu 4.8 peratus bagi 2011. Beliau berkata Rizab Persekutuan AS sedang menyerap bil Perbendaharaan bernilai AS$600 bilion dan pada masa yang sama, mencetak lebih banyak wang kertas baru.

"Ini menyebabkan beberapa kerajaan menyarankan emas digunakan sebagai rizab, sekali gus menyebabkan harga emas melonjak ke paras tertinggi dalam sejarah pada AS$1,364 bagi seauns," katanya.

Lim berkata, kerajaan AS terus memberikan tekanan kepada China untuk memperkukuh renminbi agar barangan China kurang berdaya saing.

Bagaimanapun, kata Lim, mata wang bukan satu-satunya faktor dalam pengeluaran dan perkhidmatan.

"Upah AS terlalu tinggi dan merupakan 60 peratus daripada keseluruhan kos pengeluaran dan perkhidmatan," katanya sambil menambah bahawa perang perdagangan dan mata wang saling berkait.

"Kita telah melihat perang perdagangan AS-Jepun dalam tahun-tahun 80-an dan sejarah sentiasa berulang. Sesetengah negara mencadangkan agar mata wang Amerika digantikan sebagai mata wang dan rizab antarabangsa," katanya.

Malah, banyak bank pusat meletakkan rizab di bawah nilai mata wang lain dan emas, katanya.

Beliau berkata pengurus dana, pelabur antarabangsa terus membeli emas dan wang panas memburu aset Asian dan Brazil, Russia, India dan China, hingga mencetuskan kebimbangan tentang inflasi.

Lim berkata, EU menghadapi satu lagi pusingan krisis kewangan dan memerlukan 440 bilion (1 Euro=RM4.14) bagi langkah-langkah menyelamat anggota-anggotanya yang dibelenggu hutang.

EU dan tabung Kewangan Antarabangsa telah menubuhkan dana bernilai 750 bilion untuk membantu Greece pada Mei, katanya.

"Kini Sepanyol menghadapi kemungkinan berlakunya krisis kewangan. Beberapa negara anggota tidak begitu gembira untuk menyediakan dana tambahan bagi kestabilan kewangan Eropah.

"Keadaan ini mungkin mendorong mata wang dan harga emas di Asia meningkat lagi," katanya. - BERNAMA 

waa dasat tu 2.20..kalau ikut fundamental mungkin ya..tapi macam2 faktor la forex nih..baru nak perang kat korea..abis investor lari balik US..dah ringgit weaken balik sampai 3.15 dari 3.09

Sekali Sekala Layan Cite Ekonomi Pulak: Greek Bailout Speculation Lifts Euro

LONDON (Reuters) - The euro rose on Tuesday on speculation that European Union nations could bail out errant member Greece, while global stocks were flat and emerging market shares climbed.

Expectations about a rescue for Greece followed news that European Central Bank President Jean-Claude Trichet was leaving a meeting of central bankers in Sydney early to attend a European Union leaders' summit.

EU leaders will hold a special summit on the economy on Thursday in Brussels amid increasing worries that Greece and other so-called peripheral euro zone economies cannot handle their debts and deficits.

Spreads between German 10-year bonds and Portuguese and Spanish equivalents tightened. The spread with Greek debt was steady, but wide at 365 basis points.

Concerns about the euro zone's sovereign debt troubles have battered financial markets this year, even pressuring U.S. banks on Wall Street on Monday.

ada tak korang layan cite ekonomi dunia nih..kekadang baca pun ok gak..sbb ekonomi dunia ni balik2 akan ada implikasi terhadap ekonomi malaysia jugak

kalau korang perasan seminggu dua ni ringgit jatuh berbanding usd disebabkan isu greece ni. in general usd yg naik disebabkan faktor risk aversion especially against euro tapi ringgit pun mmg terbabit sama lah.

apa2 pun harap2nya ekonomi dunia boleh kembali seperti biasa lah walaupun rasa nya mkn masa sikit.

KLCI Breaches 1,000-points on Rising Optimism in Global Economy

KLCI dah breach 1000 points lah hari ni...ringgit pun strengthen byk gak against usd dari 3.56 sampai la 3.52/3

cuma tak sure nya samada movement ni permanent atau correction je before dia jatuh balik to another low

sapa2 yg berani blehla start masuk market

Malaysia Ringgit Expected to Reach 3.80 Against US Dollar?

ringgit to reach 3.80 again? last time myr was pegged at this level la kan..

tak sangka kita akan sampai 3.80 balik..kalau korang baca news ke analysis ke 5,6 bulan lepas
diorang expect ringgit to strengthen against US Dollar.. sampai bawah 3 ringgit pun..

tapi hari jumaat baru ni..ringgit dah touch 3.70 pun..so anything can happen kan

harap2nya gomen really look into this..jgn asik nak berpolitik je..mcm article zubedy nih cakap kan...aku totally agree

sume politician tak kisahla dari gomen atau pembangkang should work together for the better and not for the worse