Ah, the move that I was finally waiting for. But, reading from the news, it seems like it took some people by surprise though. I did mention it a few weeks ago here, and that i am long on the USD.
(*off topic: watching CNBC while typing this, and they are interviewing the famous Mark Mobius, talking about oil prices etc etc.. Been watching this channel since I came back this week, personally, I think CNBC is freaking awesome. Not sure why I didn’t find out about this channel earlier! )
Back to the topic, yesterday early morning (14/4), the USDSGD gap up , as you can see from the chart below, I took the chance to sell part of my USD stash @1.35xx. For now, its good enough, so i can use the funds for other stuff. It was languishing in the 1.33~1.34 a few weeks …Read the full article →