tag:blogger.com,1999:blog-6414722382816633494.post1175658270908339220..comments2023-10-26T20:28:01.865+08:00Comments on Rightways Technologies: U.S. Dollar Falls against Euro, Ringgit hits new level since Asian financial crisis!Rightways Technologieshttp://www.blogger.com/profile/12675896663803464743noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6414722382816633494.post-86854651971088755522011-04-26T12:40:18.224+08:002011-04-26T12:40:18.224+08:00US QE2 (Quantity Easing II) would contribute to wo...US QE2 (Quantity Easing II) would contribute to world-wide inflation and interest rate rising to cope with the inflation.<br><br>MYR finally breached past the 3.000 mark yesterday on speculation policymakers will raise interest rates to cool rising consumer prices.<br><br>The more significant single day move does not change our view of a gradual appreciation in the local unit although this may have raised expectations that the central bank may finally be allowing a stronger currency to stem rising inflationary pressure. Ringgit is likely to remain steady in near and medium term, riding on local positive fundamentals.Rightwayshttp://www.blogger.com/profile/16150938067127325366noreply@blogger.comtag:blogger.com,1999:blog-6414722382816633494.post-85062086285445177232011-04-26T11:45:52.519+08:002011-04-26T11:45:52.519+08:00The high Euro, Ringgit and other regional currenci...The high Euro, Ringgit and other regional currencies are due to weakening US dollar as a result of printing more dollar money by the US government QE2 measures to finance US huge deficits and debts as US takes advantage/misuses of the dollar role as dominant, but in fact lost, as world reserved currency.Rightwayshttp://www.blogger.com/profile/16150938067127325366noreply@blogger.com