-- The Malaysian ringgit is set to extend gains into the remainder of the year as exports recover and the Federal Reserve eventually pivots to interest rate cuts.The ringgit has been the top performer in Asia against the greenback behind the Hong Kong dollar this quarter, and is forecast to strengthen to 4.65 by the end of 2024, according to a median of economists surveyed by Bloomberg . The ringgit was little changed at 4.7215 as of 2.25 p.m. Singapore time on Friday.
Still, there have been headwinds for the currency this year. The ringgit fell to the lowest since 1998 versus the dollar in February — a move that saw the BNM appeal for state-linked firms to repatriate foreign investment income and convert it into ringgit.
After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.Why I Can’t Stop Buying Shares of This Magnificent High-Yield Stock in My RRSP The Canadian market has shown robust performance, with a gain of 1.1% recently and an impressive 9.9% increase over the past year, alongside expectations of earnings growing by 15% annually. In this promising environment, dividend stocks that offer consistent payouts and potential for capital appreciation can be particularly appealing to investors looking for both stability and growth.THE TRADER Nvidia stock has dropped—finally. But it’s not time to buy the dip just yet.
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