As a symbol of how the US punches above its weight, nothing beats the pre-eminence of its currency. The US may account for just a fifth of global gross domestic product, but dollar assets make up three times as great a proportion of global reserves.
While we remain firm believers in the long-term potential of emerging markets (EM), the past several years have been difficult due to increasing volatility and secular headwinds from a strong U.S. dollar. In a previous post, we sought to introduce a ...
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Speculation that the Malaysian ringgit will continue to weaken has led many Malaysians to stock up on United States and Singapore dollars in the hopes of a profitable cashout in the near future.
On Friday the US dollar broke the 3,40 Reais barrier for the first time since 20 March 2003. In the week ended last Friday the greenback climbed 2.3% against the Brazilian currency and in the month of July 10.2%.