Wednesday 19 October 2016

The Dollar Bulls Come Out Fighting

Texas style, pushing the Ringgit to RM4.17.
Overnight the Ringgit was traded at RM4.16, after touching an intraday high of RM4.20.
A positive Beige book, has put life back into the Dollar, with the Ringgit despite having a stronger crude oil price in its ringside, must surely be aware, that from the word go today, it's got ONE HECK of a FIGHT on its HANDS.
The Beige Book, more formally called the Summary of Commentary on Current Economic Conditions, is a report published by the United States Federal Reserve Board eight times a year