Bank Negara Malaysia's international reserves rose by US$600mil to US$103.3bil as at July 15, 2019 from two weeks prior.
The US dollar continued to trend higher, posting a weekly gain of 0.55% to 97.9 amid the deepening US-China trade rift. China announced it will impose new tariffs on US$60bil of US imports, from June 1. But trade concerns eased slightly following President Donald Trump’s remark mid-week suggesting the door remained open on a potential US-China trade deal.
Nonetheless, the US dollar was largely buoyed by solid earnings, which led to both the Dow Jones and S&P500 to close higher by 2.1% to 25,863 and 2.3% to 2,876, respectively. Besides, the dollar was partially induced by firmer data release by the end of the week, which includes:
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