RINGGIT FALL 2020- Strongly Headed To Price RM4.50

This is chart for USDMYR of 11th FEB 2020.

When you guys looking into this chart properly, clearly see the price is making their way move way above the RM4.13. In this year of 2020, I am expecting the fallen of Ringgit. On January 2020, the Ringgit has been started to bearish. This amplified with the current price for the month of February 2020.

Featuring the Dollar for the current month, it steady to counter the rising from the Ringgit.

At its 21–22 January meeting, the Monetary Policy Committee of Bank Negara Malaysia (BNM) decided to lower the overnight policy rate (OPR) by 25 basis points to 2.75%, while the ceiling and floor of the OPR corridor were reduced to 3.00% and 2.50%, respectively. The decision was in line with the majority of FocusEconomics panelists’ expectations. https://tinyurl.com/vbz6guu

Bank Negara cuts interest rate -0.25% from 3% to 2.75% on the monetary report on 22nd January 2020.
On tomorrow 12th February 2020, will be informed the GDP Q1. Looking back to the past, 4.9% dropped to 4.4% on GDP Q4 15th November 2019.
GDP forecast for tomorrow is 4.4% unchanged from previous quarter of Q4 2019.

This will make the Ringgit weaker against the Dollar and 2020 will be the highlighted year starting this Ringgit weaker as the bull trader for Ringgit could not
surpass the bull trader for Dollar. https://tinyurl.com/su8yalc

Until then,there is nothing economic policy that could make the Ringgit stronger against the Dollar nor Bursa KLSE will going to be bullish or else while waiting for this year election November 2020 for the United States.

The price will be hit the RM4.50 towards the year of 2023.


***end of article***



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