With the Malaysian Ringgit strengthening, is it the right time to exchange more USD invested in United USD Cash Find-Class R?
$United USD Cash Fund-Class R (18004128.FD)$
I exchanged USD too early last week and invested in United USD Cash Find-Class R, but the exchange rate loss outweighs the interest earned.
I exchanged USD too early last week and invested in United USD Cash Find-Class R, but the exchange rate loss outweighs the interest earned.
With the Malaysian Ringgit strengthening, is it the right time to exchange more USD?
I heard a rumor that the foreign company will adjust its price to 3.8.
Whether it's true or not,it's definitely bad news for the export industry.
I heard a rumor that the foreign company will adjust its price to 3.8.
Whether it's true or not,it's definitely bad news for the export industry.
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104266827 : now usd gain back..impossible to reach RM3.8
Harmmchue : Ringgit will not strengthen that much
Kenneth8K OP : I certainly hope not, as I've already exchanged a portion of my Ringgit for US dollars and invested in this fund.
Nevertheless, some foreign market intelligence suggests that the USD could appreciate against the MYR, possibly reaching a rate of 3.8 MYR to 1 USD.
I might consider waiting for the upcoming non-farm payroll figures to see if they could potentially shift the USD's momentum.
Additionally, I'll be keeping an eye on the trends of other Asian currencies such as the JPY and CNY.