MYR going up and USD going down

There is still a ray of hope for all of us. Malaysia ringgit is improving (MYR 4.13/USD) compare to the last week (MYR 4.4/USD) or even last month (MYR 4.3/USD). Hopefully this trend will continue until Malaysia ringgit reach below MYR 3.90.

MYRUSDGraphOct

A dealer told Bernama, “The current sentiment for the ringgit is positive. With the US dollar declining and crude oil prices continuing to improve, the ringgit can increase further

And hopefully when crude oil prices is increasing, the Government won’t raise the price for Malaysian fuel. Well, there is no harm in hopping.

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