Wednesday Sep 25, 2024

Ringgit Surges Past RM4.14: Economic Insights and Global Implications

The Malaysian ringgit has broken the RM4.14 barrier against the US dollar for the first time since 2021, driven by strong local economic data and shifts in the US economic outlook. This episode explores the factors behind the ringgit's rise, the implications for investors, and the interconnectedness of global markets. Additionally, we discuss China's economic challenges, including rising youth unemployment and the need for effective fiscal stimulus, providing a comprehensive analysis of the current economic landscape.

Sources:
https://www.malaymail.com/news/money/2024/09/25/ringgit-breaks-rm414-barrier-for-first-time-since-2021-on-strong-economic-data/151559
https://thediplomat.com/2024/09/a-growing-sense-of-urgency-is-this-beijings-economic-reckoning/
https://sg.finance.yahoo.com/news/china-unveils-fresh-stimulus-boost-021114823.html
https://www.tbsnews.net/videos/chinas-youth-unemployment-hits-fresh-high-amid-economic-slowdown-949106

Outline:
(00:00:00) Introduction
(00:00:44) Ringgit breaks RM4.14 barrier for first time since 2021 on strong economic data
(00:03:30) A Growing Sense of Urgency: Is This Beijing’s Economic Reckoning?
(00:06:06) China unveils fresh stimulus to boost ailing economy
(00:09:21) China’s youth unemployment hits fresh high amid economic slowdown

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