looliang
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$USD/MYR(USDMYR.FX$
The trend of the ringgit is unstoppable. Today, it surged more than 1.7%, breaking the 4.50 mark, and surged 3.6% throughout the week!
As of 5 p.m., the exchange rate of the ringgit was reported at RM4.4908 to the US dollar, up 1.72% in a single day. This is another key hurdle for the ringgit within 3 days after breaking through the 4.60 key level this Wednesday (July 31).
Looking at the week as a whole, the ringgit exchange rate surged 3.59%, making it the best performing emerging market currency this week.
China's economic growth prospects are optimistic. Coupled with the continued inflow of foreign capital, the ringgit has continued to rise for 10 days. This is the longest continuous rise record in 14 years.
Bloomberg reports that after three years of decline, the ringgit exchange rate performed better than other Asian currencies this year. In particular, the government introduced policies to promote foreign investment and cut subsidies to reduce budget deficits.
Supported by these policies, Malaysian stocks have once again attracted the interest of global funds. These funds have bought $0.112 billion (approximately RM0.508 billion) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating, and the improvement in export conditions has supported economic growth. At the same time, the Bureau of Statistics previously predicted an economic growth rate of 5.8% for the next quarter, which also surpassed market forecasts.
According to a report by the Malaysian News Agency, the second finance minister, Dato' Sri Amir Hancha, believes that the forecast for China's economic growth of 4% to 5% this year is achievable, and will even reach a higher level, and the ringgit trend will advance...
The trend of the ringgit is unstoppable. Today, it surged more than 1.7%, breaking the 4.50 mark, and surged 3.6% throughout the week!
As of 5 p.m., the exchange rate of the ringgit was reported at RM4.4908 to the US dollar, up 1.72% in a single day. This is another key hurdle for the ringgit within 3 days after breaking through the 4.60 key level this Wednesday (July 31).
Looking at the week as a whole, the ringgit exchange rate surged 3.59%, making it the best performing emerging market currency this week.
China's economic growth prospects are optimistic. Coupled with the continued inflow of foreign capital, the ringgit has continued to rise for 10 days. This is the longest continuous rise record in 14 years.
Bloomberg reports that after three years of decline, the ringgit exchange rate performed better than other Asian currencies this year. In particular, the government introduced policies to promote foreign investment and cut subsidies to reduce budget deficits.
Supported by these policies, Malaysian stocks have once again attracted the interest of global funds. These funds have bought $0.112 billion (approximately RM0.508 billion) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating, and the improvement in export conditions has supported economic growth. At the same time, the Bureau of Statistics previously predicted an economic growth rate of 5.8% for the next quarter, which also surpassed market forecasts.
According to a report by the Malaysian News Agency, the second finance minister, Dato' Sri Amir Hancha, believes that the forecast for China's economic growth of 4% to 5% this year is achievable, and will even reach a higher level, and the ringgit trend will advance...
Translated
![The best emerging currency of the week for ringgit to break through the 4.50 mark](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240802/1722604009576-1e55b69657.jpeg/thumb?area=104&is_public=true)
![The best emerging currency of the week for ringgit to break through the 4.50 mark](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240802/1722604452305-25647c5fb3.jpeg/thumb?area=104&is_public=true)
![The best emerging currency of the week for ringgit to break through the 4.50 mark](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240802/1722604031959-84881fce2e.jpeg/thumb?area=104&is_public=true)
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In August, market watchers will be keeping a close eye on key economic events and data, including Jackson Hole Economic Symposium, nonfarm payrolls, inflation data, retail sales figures and FOMC minutes.
Meanwhile, critical earnings reports are anticipated from industry heavyweights. Investors will be particularly attentive to the financial disclosures from $Apple(AAPL.US$, $Amazon(AMZN.US$, and ...
Meanwhile, critical earnings reports are anticipated from industry heavyweights. Investors will be particularly attentive to the financial disclosures from $Apple(AAPL.US$, $Amazon(AMZN.US$, and ...
![August's Must-See Financial Events: Nvidia Earnings, Jackson Hole Economic Symposium, Nonfarm Payrolls, Inflation Data](https://ussnsimg.moomoo.com/sns_client_feed/77777019/20240801/93420aaad6349adfe36ce74a1359df8d.jpg/thumb?area=100&is_public=true)
![August's Must-See Financial Events: Nvidia Earnings, Jackson Hole Economic Symposium, Nonfarm Payrolls, Inflation Data](https://ussnsimg.moomoo.com/sns_client_feed/77777019/20240801/1722514449314-eddf1529f7.png/thumb?area=100&is_public=true)
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Hi mooers!
Join the Q2 Earnings Challenge and share 30,000 points! Tap to learn more!
$Advanced Micro Devices(AMD.US$ and $Microsoft(MSFT.US$ are releasing their Q2 earnings on July 30 after the bell.
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the winner who makes the biggest %gains in intraday trading on July 31 (e.g., If 50 mooers make a correct guess, each of them will get 100 points.)
(Vote will close at...
Join the Q2 Earnings Challenge and share 30,000 points! Tap to learn more!
$Advanced Micro Devices(AMD.US$ and $Microsoft(MSFT.US$ are releasing their Q2 earnings on July 30 after the bell.
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the winner who makes the biggest %gains in intraday trading on July 31 (e.g., If 50 mooers make a correct guess, each of them will get 100 points.)
(Vote will close at...
![AMD vs. Microsoft: Guess the post-earnings market winner!](https://ussnsimg.moomoo.com/sns_client_feed/77777008/20240725/1721910471382-f7ed5bb07f.png/thumb?area=100&is_public=true)
![AMD vs. Microsoft: Guess the post-earnings market winner!](https://ussnsimg.moomoo.com/sns_client_feed/77777008/20240725/1721910657169-201cf82aa8.png/thumb?area=100&is_public=true)
![AMD vs. Microsoft: Guess the post-earnings market winner!](https://ussnsimg.moomoo.com/sns_client_feed/77777008/20240725/1721911138889-cd7e0bb3b1.png/thumb?area=100&is_public=true)
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looliang
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$Trump Media & Technology(DJT.US$ $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $XRP(XRP.CC$ $Cardano(ADA.CC$ $Tether(USDT.CC$ $Dogecoin(DOGE.CC$ $Uniswap(UNI.CC$ $Coinbase(COIN.US$ $MicroStrategy(MSTR.US$ $Marathon Digital(MARA.US$
Trump's assassination surprised and frightened the whole world, and his survival made many people jokingly call him "the chosen one". Not only that, his immediate reaction after the ...
Trump's assassination surprised and frightened the whole world, and his survival made many people jokingly call him "the chosen one". Not only that, his immediate reaction after the ...
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![It costs $840,000 to talk to Trump? These people did it for less than $5,000.](https://sgsnsimg.moomoo.com/sns_client_feed/102397652/20240723/1721727348194-random8549-102397652-android-org.jpeg/thumb?area=104&is_public=true)
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