Pimpy

  In Pimpy's Investment Chat

Article: “A director in the central bank sets his forecast for the dollar exchange rate within days and reveals a forthcoming measure”  …the last week or so there’s no doubt there’s been a lot of chatter. A lot of talks about the exchange rate. It’s exciting.  Sometimes it’s good news.  Sometimes it doesn’t look like good news…what we want to see is action.  Until they make some type of official announcement on the rate change just take everything with a grain of salt. This [article] gives the appearance that they’re getting ready to make the rate change…I don’t want us to get overly excited until the bank has made an official announcement. Right now they’re just saying this is just talk.