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LONDON: Thomas Cook Group Plc’s collapse may prove lucrative for some.
The US dollar traded sideways for the week albeit closing marginally higher by 0.02% to 98.272.
THE US dollar depreciated 0.1% to 98.309 following improving trade discussions between China and the United States, encouraging investors to flock to risk assets.
Amid a short working week with the Labour Day break on Monday, the dollar weakened by 0.51% to 98.41 due to global risk-on sentiment as Washington and Beijing agreed to hold high-level talks in October, raising hopes of a de-escalation in trade tensions that has battered global economic growth.
KUALA LUMPUR: Bursa Malaysia Bhd is looking at increasing the number of millennial investors on the local bourse through its significant outreach and marketing education programmes.
Encouraging more retail investors to put money in equities will enhance market vibrancy.
The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.