USD Getting Stronger? Here’s Where Malaysians Should Look! 💸
Hey everyone! If you’ve noticed the USD/MYR rate climbing, you’re probably wondering how this affects our investments. 💰
With the ringgit weaker against the dollar, some sectors get a boost – especially export-oriented companies. 📈 Here’s a quick breakdown:
Focus on Export Stocks 🌏
Companies that export products (think tech and manufacturing sectors) earn in USD, so a strong dollar means bigger profits when they convert that money back to MYR. 💵
Look at companies in sectors like tech, semiconductors, and rubber gloves – these are often good picks when the ringgit drops.
Our local commodities (like palm oil, rubber, and timber) get more competitive globally as the USD rises. Keeping an eye on companies dealing with these commodities could be a win.
In the end, I will share more market trends and investment knowledge in theofficial Learning grouporganized by the moomoo Education Team@Invest With Cici. Everyone is welcome to join.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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