Saturday, 12 December 2015

Possible Dollar Sell Off After Rate Hike ?

Author: Icon8888   |   Publish date: Wed, 19 Aug 2015, 08:57 PM 

The recent stock market rout is to a very large extent due to strengthening of US Dollars, which in turn is caused by expectation of rate hike in September.

However, according to the article below, there is a possibility that the actual announcement of the rate hike could trigger a sell down of US Dollars in a typical Buy on Rumours, Sell On News fashion.

Strengthening of Ringgit will of course have a positive impact on Bursa.

I hope this piece of information will give you a pause if you are bearish about the Ringgit and think that the recent Bursa decline is a one way ticket to hell.

Never rule out the possibility of a rebounce over next few weeks. 

Of course, buy at own risk. Don't blame me if the train ride actually ends up in hell.


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