Tuesday 10 January 2017

US Dollar. Walk Like An Egyptian

Is a hit for the Bangles, taken from the album different light.

People are looking at the dollar in a different light, ahead of Donald Trump's first press conference this Wednesday.

This is bad news for the Malaysian Ringgit, with signs already showing that the dollar rebounding.

EURUSD traded back down below 1.0590 after hitting an overnight high of 1.0627 and remains close to January’s 1.0338 low. A break below this could take the pair back to levels last seen in early 2003.

So what has this got to do with Walk Like An Egyptian?.Well, the dollar as it stands, give or take a few cents in absolute terms, is at the strongest level since 1986, the same year, Walk like an Egyptian, was among the top selling songs.