Tuesday, 3 January 2017

The Sun Says. RINGGIT. Born In The USA

Is as you know is the hit single from Bruce Springsteen's 1984 album of the same name.

One US Dollar now fetches RM4.4975, according to Bloomberg. The Sun newspaper says that if the Ringgit hits 4.50 to the dollar it, could spiral fast to 4.60.

The paper adds that the worst case scenario for the Ringgit is FIVE to the US Dollar, but it very naively adds all the problems of the Ringgit is Born In The U.S.A