The odds of the US Federal Reserve hiking INTEREST upwards at its Dec 14 meeting have shot up to 64 per cent, the highest level since June this year.
Higher interest rates, will attract capital from elsewhere, especially those parked in Asia to America.
This will also add strength to the US Dollar, hence the Ringgit might weaken further.
This is GOOD news for exporters such as Top Glove, Inari, MPI, Hevea, SYF Resources amongst others.
You can read more on this at :
http://www.bloomberg.com/news/articles/2016-10-07/investors-preparing-for-fed-move-push-s-p-500-lower-for-the-week
