Saturday 19 November 2016

US Dollar. Armed & Dangerous. LORDLY

Is a 2014 single by Feder featuring Alex Aiono, which is climbing up the club scene only this year.

There is NOTHING short of LORDLY for the US Dollar, with traders now saying that a US Federal Reserve rate hike in December is now a 100 per cent certain.

This is bad news for the Ringgit Bulls, because the US Dollar is armed to the teeth , as expectations are that a December hike is just the START.

Read below, what Bloomberg has to say :

Traders put the chances of a Fed rate increase next month at virtually 100 percent, compared with about 70 percent at the beginning of the month.

“Higher interest rates and the expectation that the Fed not only is likely increase interest rates in December, but probably more quickly next year, have driven the dollar higher,” said Kate Warne, an investment strategist at Edward D. Jones & Co.