Tuesday 22 November 2016

PARITY. No Diggity

Is a 2014 hit for Ed Sheeran & Passenger. The single is a remake of the 1996, number one hit for Blackstreet  featuring Dr Dre.

Well, a French research house just said, when it comes to the US Dollar and the EURO, there is "No Diggity", and by March there should be PARITY.

Where does this leave the Ringgit? "No Diggity🙌"

Read Below :

The euro is likely to trade even against the US dollar ahead of French presidential elections in April, according to the Paris-based bank Societe Generale.

The dollar strengthened more than six percent against the euro after Donald Trump won the US presidential election, boosting the greenback to its strongest level since 2003.

On Tuesday, the euro was trading at 1.0621 against the US dollar, and Societe Generale expects the European currency to weaken to $1.00, the lowest in 13 years by March before recovering later next year.

“We expect EUR/USD to fall to a bottom of parity in Q1 2017 before rising back to 1.09 by the end of 2017. The forecast is based on two rate increases by the Fed next year