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Originally Posted by MachoDevilX
I agree that MYR will rise for a short while once they remove the tie with USD since USD will go down even further over the months. But in the longer term, once they remove the tie with USD, that will also mean that Ringgit will be weaker and more vulnerable to the so-called "terrorist" investors... And I don't think that Malaysia will have enough cash flow to withstand being hit by the "terrorist" investors...
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yes bro just heard KL will not remove the peg within 6 months and US wants to see their USD drop by a further 20% or so.....even if they remove the peg it's no garrantee ringgit will not go south.....so either way, ringgit will still be headed south for the short term. Hurray!