Dear Mr Tan,
I have US$ fixed deposit of 50K on a one year term. I kept this FD for a few years ie from the exchange rate of 1.7 till now the exhanged rate is l.52.
I am just concerned if the US go into recession will the US$ exchanged rate grow weaker and what is the likely support range if that should happen?
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My reply:
I am sorry that I am not able to predict the future direction of the US currency.
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