The Malaysian ringgit continues to decline against the US dollar. How should Malaysians save themselves?

The Malaysian ringgit continues to depreciate to a historic low.

This is something that no one expected at the beginning of the year.

Many economists predict that the US dollar will weaken.

The Malaysian ringgit will stabilize.

Unfortunately, it didn't go as planned.

The main reason is the excessive strength of the US economy.

We can observe that the CPI and PPI in the USA in January are both higher than expected.

This actually significantly dampens the expectation of interest rate cut in the USA in March and May.

It's almost impossible to cut interest rates in March, and there's still a glimmer of hope in May.

The depreciation of the Malaysian Ringgit is often not the issue of the national banks of Malaysia.

It's mostly due to the excessive strength of the USA and the dominance of the US dollar.

Although political figures advocate for the depreciation of the Malaysian Ringgit,

it will be beneficial for exports, tourism, and the rbob gasoline industry.

But as the people, we still do not hope for it.

The value of our pocket money exchanged for USD is gradually decreasing.

As investors, we cannot control the trend of the currency.

But we have the right to invest in different regions.

We can protect our wealth from the depreciation of currency by diversifying our investment strategy, especially by investing in US stocks.

While protecting our wealth from the impact of currency depreciation, we have also found new opportunities for growth and profit.

In today's globalized world, understanding and responding to currency depreciation is more important than ever.

We can protect our wealth from the depreciation of currency by diversifying our investment strategy, especially by investing in US stocks.

Understanding and responding to currency depreciation is more important than ever in today's globalized world.

Investing in US stocks is one of the strategies worth considering.

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