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Columns The Potential Impact of the US Presidential Election on Malaysia’s Economy and Stock Market!
With the US presidential election set for November 5, 2024, the world is watching, and Malaysia is no exception. The election could have significant repercussions for Malaysia, a country deeply intertwined with the US economically, particularly in trade, technology, and finance.
The uncertainty surrounding this election offers both risks and opportunities for Malaysia. As investors, business leaders, and...
The uncertainty surrounding this election offers both risks and opportunities for Malaysia. As investors, business leaders, and...
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Eizal bin kamil
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Hi mooers! ![]()
The Federal Reserve is scheduled hold FOMC meeting and press conference on November 7. This is crucial for the future trajectory of the U.S. and global economy.
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% month-over-month in September. Excluding food and energy, the September PCE price index rose 0.3% MoM and 2.7% YoY. On ...
The Federal Reserve is scheduled hold FOMC meeting and press conference on November 7. This is crucial for the future trajectory of the U.S. and global economy.
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% month-over-month in September. Excluding food and energy, the September PCE price index rose 0.3% MoM and 2.7% YoY. On ...
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Eizal bin kamil
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$USD (USDindex.FX)$
Despite promoting de-dollarization, the organizers of the summit still recommend participants to carry US dollars and euros.
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Russian President Vladimir Putin is hosting an important summit with over 20 world leaders, trying to persuade them to abandon the US dollar.
De-dollarization is one of Putin's top priorities because using the local currency for trade means Russia, which faces harsh sanctions, will not be subject to the Western-dominated global financial order based on the US dollar.
However, getting rid of the US dollar is not easy. The organizers of the BRICS summit recommend foreign participants to carry cash, especially US dollars and euros, to attend the summit held in the Russian city of Kazan.
According to the guidelines on the summit website, most Russian banks only accept US dollars or euros (Moscow considers them "toxic currencies") for exchanging rubles.
https://www.businessinsider.com/dedollarization-russia-brics-summit-foreign-attendees-cash-usd-euros-putin-2024-10
Despite promoting de-dollarization, the organizers of the summit still recommend participants to carry US dollars and euros.
+++++
Russian President Vladimir Putin is hosting an important summit with over 20 world leaders, trying to persuade them to abandon the US dollar.
De-dollarization is one of Putin's top priorities because using the local currency for trade means Russia, which faces harsh sanctions, will not be subject to the Western-dominated global financial order based on the US dollar.
However, getting rid of the US dollar is not easy. The organizers of the BRICS summit recommend foreign participants to carry cash, especially US dollars and euros, to attend the summit held in the Russian city of Kazan.
According to the guidelines on the summit website, most Russian banks only accept US dollars or euros (Moscow considers them "toxic currencies") for exchanging rubles.
https://www.businessinsider.com/dedollarization-russia-brics-summit-foreign-attendees-cash-usd-euros-putin-2024-10
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Eizal bin kamil
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$Eastspring Investments Islamic Income Fund-Class R (MYU0100A2522.MF)$ The daily returns look bad compared to maybank cash plus, so what is the point?
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