tag:blogger.com,1999:blog-18183714.post117016415795095133..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18183714.post-1170733310041388272007-02-06T11:41:00.000+08:002007-02-06T11:41:00.000+08:00in actuality, the funny thing is both yen and doll...in actuality, the funny thing is both yen and dollar should be on a slide this year but the dollar should slide more ... hence it will be a tricky tango situation, dollar is doing a 4-step, the yen is doing a 3 step ... thus you should find the dollar weaker in 3 out 4 instances, and the yen will be weaken in 1 out of 4 ... yen will not be rallying on a 0.5% or even 1.0% hike in rates in 2007, the differentials are not attractive enough... thus export earnings will be stable.<BR/><BR/>as for ringgit, look, the bloody exporters have had it GOOD for so bloody long ... CPO producers and electronic manufacturers had it so good for so long when the ringgit was pushed weaker artifically from 1999-2005, now we are trying to get back to parity so the exporters should learn to cope and not cry murder.<BR/><BR/>the ringgit had to go higher to stop imported inflation, and to reduce internal inflationary expectations, yes exporters will see reduced earnings but it will not be excessive, if they cannot compete at 3.3 then might as well close shop, i anticipate a rise to 3.0 by end 2008, and back to around parity of 2.8 by end 2009 ... all exporters must learn to compete with these targets in mind.SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1170674669042681292007-02-05T19:24:00.000+08:002007-02-05T19:24:00.000+08:00Hi Dali,Saw these articles/headlines on Reuters .....Hi Dali,<BR/>Saw these articles/headlines on Reuters ...again:<BR/>Yen rises vs euro, dollar on pre-G7 nervousness<BR/>(http://yahoo.reuters.com/news/articleinvesting.aspx?type=hotStocksNews&storyID=2007-02-05T091436Z_01_T274998_RTRUKOC_0_US-MARKETS-FOREX.xml)<BR/><BR/>and<BR/>Nikkei falls as Nissan slips, yen hits exporters<BR/>(http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070205:MTFH27837_2007-02-05_08-18-32_T266122&type=comktNews&rpc=44)<BR/><BR/>How do you interpret these. Are things playing out as you expected?<BR/><BR/>Also got me thinking about the Ringgit's strengthening. Will it affect our exporters adversely? For eg did you notice the LKT Ind slide recently? Apparently they said in their Q3, results were affected by RM appreciation.<BR/><BR/>CheersMPhttps://www.blogger.com/profile/02364257300423015515noreply@blogger.com