USD on a roll?

[SBC]

1.45 maybe got chance, but 1.5 by year end? Sounds a bit difficult.

Care to share your thoughts?

See my earlier call of 1.43 on 21 Oct. Is not too long ago.
Volatility will rise

 

[boroangel]

I really wonder if the USD can run up to 1.5?

Have USD and am thinking if I should started converting gradually to SGD.

 

[windwaver]

I really wonder if the USD can run up to 1.5?

Have USD and am thinking if I should started converting gradually to SGD.

You can wait till Fed raise rates in Dec before offloading.

 

[BBCWatcher]

Fed hasn't met and Janet Yellen wasn't sacked.... yet. Wait for it

She cannot be except through impeachment and removal from office. (Not going to happen without both parties agreeing, in case you're wondering. It requires a 2/3rds vote in the Senate for conviction, and the opposition party controls 48% of the Senate. So it's not going to happen unless Yellen commits some unimaginably grave crime.) She serves a four year term ending on February 3, 2018. Assuming Yellen wants to complete her term (safe assumption), the President, subject to Senate confirmation, cannot install a new Federal Reserve Chairman until then. The President and Senate also have the option of keeping her on for a second term, again assuming Yellen wishes to stay on.

There are several key U.S. government officials that are quite independent by design and who serve terms that do not coincide with presidential terms. The "Article III" federal judges -- that's most federal judges -- serve for life. President Trump will get to appoint many, and it's almost a certainty that several of his judicial appointments will outlive Trump himself while still serving as judges.

 

[RobinTeoHood]

Yup. Yellen is legally unsackable.

Trump's motormouth is going to hit a lot of presidential realities.

Sent from Space using GAGT

 

[havetheveryfun]

Trump is actually a fan of lower interest rates though. at least until the economy gets sorted out

 

[BBCWatcher]

Yup. Yellen is legally unsackable.

To pick another example, the FBI Director serves a 10 year term. James Comey, the current FBI Director, can stay in office until September 4, 2023. That's well after the next presidential election in 2020. It's quite possible he'll serve under three presidents.

That said, if the Republican Congress decides it wants to impeach and remove Comey from office, Senate Democrats might go along with that. (House Democrats don't really matter for these purposes. Impeachment only requires a majority vote in the House, and Republicans hold a majority. The Senate needs a 2/3rds vote to convict. Removal then requires another 2/3rds vote.) Why? Comey committed the grave sin of inserting himself in the political process during the presidential race. He violated Justice Department guidelines, and he's certainly not popular among Democrats...or among Republican legal circles, for that matter. He'll still need to do something broadly acknowledged as gravely bad, again, to lose his job prematurely. Since he's done so once, it's hard to have complete confidence he won't again.

 

[IronMan123]

Any recommendations on best way to invest USD? DBS multi currency account sounds good?

 

[lcpteck]

Comon USD, keep going!

 

[RobinTeoHood]

Any recommendations on best way to invest USD? DBS multi currency account sounds good?

Put in USD time deposits if you don't want to do active trading. I don't its safe now to hold and long or short. Best be nimble. Trump is unstable

Sent from Space using GAGT

 

[wira]

Anyone thinks USD will go up even higher ? Should we keep more UsD in our portfolio ?

 

[alexchia01]

Anyone thinks USD will go up even higher ? Should we keep more UsD in our portfolio ?

When everyone thinks it will go up even higher, it's already too late to buy.

I don't know if it's already too late, but I know you already miss the best price.

 

[Laneige]

1.3 i already want buy liao. but i was recently told that unless increase by a lot else the buy n selling rate isn't going to worth lots of $$$??? unless u r those with USD payments to make n u don't have to change to SGD?

 

[cscs3]

Anyone thinks USD will go up even higher ? Should we keep more UsD in our portfolio ?

Believe it will.

 

[cybercom8]

1.3 i already want buy liao. but i was recently told that unless increase by a lot else the buy n selling rate isn't going to worth lots of $$$??? unless u r those with USD payments to make n u don't have to change to SGD?

heng i changed 50k to us$ at 1.34+ a few months ago....but that money sitting in the account with negligible interest

 

[crossfitter]

heng i changed 50k to us$ at 1.34+ a few months ago....but that money sitting in the account with negligible interest

it may generate little interest but you have already made more than 6% in SGD terms over the last few mths

 

[SBC]

Target of 1.50 maintained intact by year end.

 

[IronMan123]

Today up again.... 1.4350

 

[peacefulday]

SG economy is getting weakened and with the almost confirmed FED rate increase in Dec. SGD/USD 52week high should set a new height soon

 

[hummer]

Target of 1.50 maintained intact by year end.

I will be very pleased to see that!