On Monday, is a 1983 hit single by Duran Duran.
Money managers are Now betting that come 2017, the Dollar will be worth more than the Euro.
Bloomberg has the Story here. Read Below :
Deutsche Bank says euro will decline below $1 in 2017
U.S. 10-year yields reaches highest over bunds since 1990
Donald Trump’s electoral upset has breathed new life into the bet that diverging economic paths will drive the euro toward parity with the dollar for the first time since 2002.
Traders see about a 45 percent chance the European currency will sink to $1 in the next year, about double the probability assigned a week ago, data compiled by Bloomberg show.
Currently One US Dollar is Worth RM4.35, while One Euro is worth RM4.69. If indeed, the money managers are correct, where do you think the Ringgit will be heading against the US Dollar?
