Is the 1984 hit for the boss, Bruce Springsteen, taken from his hugely successful seventh studio album of the same name.
The US Dollar is at levels unseen since 2002, due to the internal strength of the US economy.
This is bad news for the Ringgit Bulls, great news for exporters such as Top Glove, Kossan Rubber, Inari,KESM and Kobay.
The dollar BULL, born in the USA, from strength of its economy will attempt to break the 4.50 barrier today.
In its favour are lower crude oil price and as market watch will explain :
The U.S. dollar on Tuesday traded firmly higher against its main rivals, extending gains from the last three months of 2016 after stronger-than-expected manufacturing data added to the buck’s uptrend.
The ICE dollar index DXY+0.93% jumped 1% to 103.27 as the greenback rose against most other major currencies. The gauge is touching levels last seen in 2002, according to FactSet data.
