Thursday 27 October 2016

Ringgit 4.20, Here Comes The Wrecking Ball

According to a Reuters survey of economists, GDP probably increased at a 2.5 percent rate in the third quarter, quickening from the second-quarter's tepid 1.4 percent pace.

But advance data on Wednesday showing the goods trade deficit falling 5.2 percent to $56.1 billion in September amid strong exports suggested that third-quarter GDP growth could exceed expectations.

What this means is that the US ECONOMY could HAVE grown by as MUCH as THREE per cent in the THIRD Quarter, its sTrongest growth in TWO years

If that happens, then HEY, the Dollar is Just Going To Get Stronger. So WATCH out for Hevea