With news of a possible rate hike by the Fed to be announced next week, will the Dollar increase in value? Should i convert my money to USD before or after the announcement? - Seedly
 

Investments

Asked by Anonymous

Asked on 20 Sep 2018

With news of a possible rate hike by the Fed to be announced next week, will the Dollar increase in value? Should i convert my money to USD before or after the announcement?

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Jeff Yeo
Jeff Yeo, amateur Social contributor at School of social sharing
Level 7. Grand Master
Answered on 24 Sep 2018

difficult to say

flip a coin

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Yong Kah Hwee
Yong Kah Hwee
Level 8. Wizard
Answered on 23 Sep 2018

it really can go either way haha

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Nicholas Chan
Nicholas Chan
Level 6. Master
Answered on 23 Sep 2018

It can go either way. Unless have a view on the fomc outcome, it's a coin flip to convert before or after.

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Good Day Every Day
Good Day Every Day
Level 7. Grand Master
Answered on 23 Sep 2018

With an increase in interest rate, US dollar should gain strength against the Sing dollar after a week of slight decline. However, Trump is against interest rate increase and it is interesting to see whether Fed would indeed hike the interest rate. Hence it is better to adopt a wait and see attitude.

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Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Answered on 23 Sep 2018

The exchange rate fee may make you loss money.

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Anything can happen. Watch and decide after that.

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