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