Not exactly in that order but the US Federal reserves report overnight was filled with so much double speak, that the odds of a December rate hike have fallen to 66 per cent from 71 per cent yesterday.
Meanwhile in Bitcoin world, the Dollar to Ringgit is now priced in at RM4.19.
All this seems to suggest that the pressure for now is off the Ringgit.
The USD to RM was last traded at RM4.20
Wednesday, 12 October 2016
Bitcoin, Ringgit, Dollar
