Speech by Dr. Harald, economic prof for Yale University stats that the weakening of USD will cause Outside investor to invest in its property, since the property bubble burst, US economy has taken a back seat.
Thats take number 1.
Take number is to increase investment in the US while trying to push export from the US which is gold, silver, and metal.
I can forsee a further drop, however don't expect it to drop past 2.8 when peg against RM
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