To the US Dollar. But the heat is on, from Beijing To Baghdad, the Dollar bulls are being given the right signals to go on a rampage.
In Beijing, Chinese investors are holding back their money from being pumped into the Hong Kong Stock Exchange, in anticipation of a RATE hike in the USA.
While in Baghdad, Iraq has refused to BREAK BREAD with OPEC on output cuts.
As a result, Brent crude futures LCOc1 were trading at $51.59 per barrel at 0133 GMT, down 19 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude was down 22 cents, or 0.4 percent, at $50.63 a barrel.
And To top this, PIMCO is LONG on the Dollar and SHORT on the Ringgit.
This is music to the ears of Malaysian Manufactures, one of the key economic component, PM Najib, has placed his bets on to revive Malaysia's economic fortune, in EYE of The Tiger style
