Category Archives: Currencies

Why you should think about the benefits of doing a short sale in detail

Published / by bestforexadvisor / 1 Comment on Why you should think about the benefits of doing a short sale in detail

The world is talking about short sales, and most don’t have a clue about it. In fact even mortgage brokers don’t educate you about what a short sale is. So as a customer why would you want to believe in the concept of a short sale? Well, this is what most of us would like to know. And here today we would like to give you all the dough you need, so please read on. Continue reading

Ringgit to remain weak as forex reserves drop

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The Malaysian currency is expected to remain weak due to potential outflow of foreign capital due to the volatility caused by the Eurozone crisis, said RHB Research Institute today. The research house said that the ringgit depreciated by 4.6 per cent against the US dollar in May as compared with a gain of 1.1 per cent in April in line with a drop in foreign exchange reserves as investors turned risk averse and reduced their exposure to Asian assets. Malaysia’s foreign exchange reserves declined by US$0.1 billion or RM0.3 billion in the second half of May to US$136 billion (RM417 billion), after growing by US$0.2 billion or RM0.6 billion in the first half of May. Continue reading