*📍Malaysian ringgit continues to rise strongly at today's o...
*📍Malaysian ringgit continues to rise strongly at today's opening, recovering against the US dollar, primarily driven by expectations of interest rate cuts in Washington. Federal Reserve Chairman Jerome Powell recently conveyed a positive message, indicating that central banks in developed countries are gradually lowering rates, moving toward a more neutral policy stance.*
*This trend is beneficial for the ringgit, as the interest rate differential between the Federal Reserve's funds rate and Malaysia's benchmark rate (OPR) will narrow. This not only enhances Malaysia's investment attractiveness but also helps stabilize our currency.*
*It is expected that the ringgit will maintain its strong performance today, and investors should closely monitor this development for suitable investment opportunities! Stay alert, adjust your strategies, and seize market changes!*
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