Global forex market
THE foreign exchange (forex) market was more active this week. Despite a slew of negative data, it was mostly risk-on with the poor economic data making it more likely for further quantitative easing (QE). QE has been successful in the past in boosting asset prices and consequently weakening the US dollar. Hence, the trend repeating itself currently, with the ringgit appreciating 0.66% this week to 3.1550 against the greenback.
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