I'm sure it was hidden somewhere between the pile of discussions after your aunty brags about the new house or jewelry or about the latest holiday trip..
or was it your cousins whose children had the higher score and top of the class?
It all later boils down to the economy and our Ringgit Malaysia (RM) is expected to decrease in value as compared to the USD.
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KUALA LUMPUR - The Malaysian ringgit is expected to touch the 3.33 level against the US dollar by year-end on the back of the strengthening greenback, said HSBC ASEAN Economist, Lim Su Sian.
At the end of last year, the local currency was traded at 3.25 against the greenback.
"The ringgit is not the only ASEAN currency that is weakening against the US dollar as the US Federal Reserve is printing money at a slower pace to strengthen the dollar.
"However, we see the ringgit remaining strong as the underlying fundamentals remain strong," Lim told a media briefing on the Economic Outlook 2014 in the capital, Thursday.
She said Bank Negara Malaysia does not interfere with the market value of the ringgit, especially when compared to some other central banks, which intervene more than BNM does.
BNM allows market forces to set the price of the ringgit, she added. -BERNAMA
source: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=218022:ringgit-downtrend-to-333-level-against-us$-by-yr-end-hsbc-economist&Itemid=3
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