Citigold Foreign Currency Promo

Received a sms from Citibank this morning:
Citigold: Enjoy FD promo rates for AUD, NZD, GBP & USD + attractive interest rates on dual currency account.

Looks like everyone is expecting these currencies to go lower next year…

AUD & NZD - the slump in demand for commodity and the weakening prices are likely to have downward pressure on the currency…

GBP - should go lower as UK suffers from recession…

USD - the Fed has just cut interest rates again. No wonder it’s dropping to new lows…

The best currency to hold now in my opinion? Japanese Yen, Chinese Yuan, Singapore Dollars & Malaysian Ringgit