Just yesterday, I wrote a post about supermodel Gisele Bundchen dumping the US dollar. The source of my news was from Bloomberg. Apparently, the news was not so accurate. Gisele Bunchen’s manager, Anne Nelson, has pointed out that the information was completely fabricated and untrue.
Oh well, even Bloomberg gets it wrong sometimes.
Whatever the case with Gisele, the US dollar continues to slide. Since the time I wrote that post about 24 hours ago, the USD/SGD pair has moved from 1.448 to about 1.439. That’s a drop of about 0.6% in just one day.