USDMYR.... Still weak

A fellow trader asked me this lunchtime. "Ho ah? Capital controls? I heard the ringgit to exchange for US Dollars cannot already lah at the bank"

This is the sort of uneducated rumour mongering going on by uninformed nincompoop traders... According to my source in the banking circle, the spot USDMYR market is 'back to normal' not. The level is higher now, reflecting the supply and demand of buyers/sellers....