Wednesday 25 January 2017

Dolar Amerika. Bernama. Love You Forever

Is the monster Latin hit, from Colombian Sebastian Yatra, this year

After months of telling the NOT so gullible Malaysian public, that the RINGGIT was going to go up and the US dollar was going to tank, Bernama Did something weird over the weekend.

Bernama said that the US dollar was going to go up and the Ringgit was going to get it .

We love you forever, Bernama, BECAUSE once again, you have got it WRONG .

Market Watch has the story, which once again exposes the Bernama Business desk, as one headed by an INCOMPETENT . Read below :

The dollar edged lower Wednesday, with investors reluctant to drive it higher amid caution about potential jawboning to stem a stronger dollar from Donald Trump and his administration.

The ICE U.S. Dollar Index DXY-0.13%which compares the dollar with six other currencies, was down 0.3%. The WSJ Dollar Index XX:BUXX-0.09% a measure of the U.S. dollar against a broader basket of major currencies, declined 0.1%.

Against its Japanese counterpart, the greenback USDJPY-0.05%  weakened to ¥113.62 compared with ¥113.77 late Tuesday in New York. The euroEURUSD-0.03% improved to $1.0739 from $1.0733 late Tuesday.

Some investors worry that U.S. President Donald Trump’s protectionist approach on trade could hurt economic growth, as he kicked off his presidency this week by signing an executive order pulling the U.S. from the Trans-Pacific Partnership.