Monday 24 October 2016

Ringgit 4.17, But Watch Out

For Apple Corp's result. A strong showing by APPLE, could sting the Ringgit like a BEE.

At RM4.17 to the US Dollar, this is what the Ringgit will be facing today. It will be facing a US Dollar, which has put in a three day winning streak at the Bloomberg Dollar Spot Index, which measures the U.S. currency against 10 counterparts.

That run, LEAVES the Dollar at its strongest POINT in 7 months, so dont bet too much against the dollar BULL, as you might end up with a whole lot of KERBAU , which doesn't sound so sexy as a BULL.