Is the 2005 hit for Elton John that earned him at a nomination for best song of the year. The song was written specifically for the theme of the Lion King.
Hakuna Matata means no worries, and Bernama in a very weird report on the Ringgit , now says the currency will trade EASIER against the US Dollar next week at between 4.43 and 4.44.
This actually the level the Ringgit is trading at, and in a DAMNING effect, the Bernama currency report has become, no analysts are willing to put their NAME on it.
Read the Bernama report below :
The ringgit is expected to trade easier against the US dollar next week, moving between 4.43-4.44, or even lower, said an analyst.
He said trading of the local currency would be influenced by the global economic conditions, including any move or announcement by US President Donald Trump.
"The US dollar has been trading on an uptrend, especially after the US announced its wages data. The ringgit could weaken further on promises of tax reform by Trump to support the US economy.
"Following Trump's tax plan pledge, the greenback rose to one/one-and-a-half-week high versus the yen. It also traded higher against the euro," the dealer said.
However, with the recent positive trade data announced by the Malaysian government, traders were cautiously optimistic that it will provide support to the ringgit.
Last week, the Ministry of the International Trade and Industry said Malaysia's total trade for 2016 grew 1.5%, reaching up to RM1.49 trillion from RM1.46 trillion in 2015.
The trade figure is expected to grow 2.7 per cent this year due to moderate pick-up in global trade and higher commodity prices.
For the week just-ended, the ringgit moved between 4.4250 and 4.4420 against the US dollar.
