As I browsed through Bloomberg this morning, I was particularly caught by an article on on the bright outlook of CD. It mentioned that CD is poised to grow further and a long position is recommended.
According to the writter, CD is set to outperform the greenback and, pretty soon, the exchange rate (1 U. S. to CD) is going to break 1:1. I am in total agreement with him.
If you wish to invest in foreign currency, but you are uncertain as to which one to pick, then you may consider CD.
Tomorrow I am to touch on Ramadan, the fasting month for Muslims. Ho! Ho! Ho! It is all about foods again!
The above picture is downloaded from CBC News.
3 days ago