US dollar Tag

How long can it last? That’s what watchers of Hong Kong’s markets are asking as the gap between local and U.S. interbank rates widens to the most since 2009. The city’s currency peg to the greenback effectively ties its monetary policy to that of the U.S., making the growing differential all the more curious. Now things may be changing, with forward points and interest-rate swaps in Hong Kong’s dollar starting to bottom out. The reasoning is simple: with the currency having fallen to the middle of its permitted band andRead More

Posted On June 14, 2017By Ian TaiIn Featured Writers

Is Silver Undervalued?

Today, Warren Buffett is acclaimed to be one of the greatest investors in the world. He has inspired millions around the globe to adopt value investing as the core principle of investing. Many are profiting and have built long-lasting wealth investing in the stock market through this principle.   I’m included. Personally, beyond stocks, I believe value investing is a principle that is applicable to investing in all asset classes. This includes private businesses, properties and commodities. This is because, in general, value investing focuses on three things: Finding QualityRead More

Posted On April 14, 2017By HoudiniIn News

KLCI slips following weak cues from Wall Street

KUALA LUMPUR (April 13): The benchmark FBM KLCI index slipped 0.34% today, following weak cues from Wall Street after U.S. President Donald Trump’s comment on the U.S. currency being too strong, which kept the U.S. markets nervous. At the closing bell, the KLCI closed 5.90 points lower to 1,738.18, with 3.9 billion shares worth RM2.6 billion traded. Market breadth was negative with only 220 gainers compared with 765 decliners, while 305 counters were unchanged. Malayan United Industries Bhd continued to be the most actively-traded counter. Eita Resources Bhd was theRead More

Posted On March 7, 2017By HoudiniIn News

The Future of the Malaysian Ringgit

SINGAPORE (March 6): Last May, a 128-gigabyte Apple iPhone 6s Plus in Malaysia cost RM3,699. At the exchange rate of SGD1:RM2.85 then, that would have been around S$1,298 –about the same as the retail price in Singapore. At today’s exchange rate of RM3.16 though, Singaporeans can get the same phone for S$1,170 in Malaysia. With the phone selling in Singapore for S$1,218, they could save around S$50. It’s not such a good deal for Malaysians coming to Singapore though. That S$298 Guns N Roses ticket you bought in Jan forRead More
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves fell US$1.9bil to US$96.4bil as at Nov 30 from US$98.3bil two weeks earlier. BNM said on Wednesday that in ringgit terms, the international reserves fell RM8.2bil during the period. “The lower international reserves position reflected the liquidity support in the foreign exchange market. “The reserves position as at Nov 30, 2016 is sufficient to finance 8.3 months of retained imports and is 1.2 times the short-term external debt. StarBiz reported that all eyes were on the BNM’s international reserve data to determineRead More