Ringgit Sense with FXTM's Jameel Ahmad | Malaysia Media Tour 04/12/2016
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During the FXTM Malaysia Media Tour, Ringgit Sense interviewed FXTM’s Vice President of Corporate Development and Chief Market Analyst, Jameel Ahmad on some of the biggest financial headlines.
Key discussion points include:
How low can the Ringgit go? It’s a dollar story, the Ringgit can go lower as the dollar goes higher, complete dollar domination, global trend
Ringgit went from 2nd best currency in Asia to 2nd worse, why? A lot of sensitivity to the dollar, market retracement
Political risk in Europe in 2017
A lot of uncertainty about Trump, he promotes trade protectionist policy which needs a weaker dollar, dollar rally needs to fizzle out if he wants to do these policies
Foreign investors focus on federal reserves
Domestically fundamentals are fine, growth is strong and at robust levels in this international challenging environment
Look out for projection for interest rates rises in 2017
Thankfully Malaysia central bank has reserves, nothing to worry about. Bank Negara are not the only ones who have been active about spending forex reserves
