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Today was a crucial day on the markets, and some recovered after multiple days of uninterrupted falls, such as NASDAQ and FTSE. Commodities such as Gold reached their highest value EVER and and Brent Crude reached its near peak per barrel. The dollar on the other hand kept falling and is nearing its lowest ever.
The markets will be interesting tomorrow as we may see gold rise even more and that could be the beginning of the end for the dollar as a world dominant economy. |
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The largest export for Malaysia is from United States. The big falls of NASDAQ also give the impact to BSKL (Kuala Lumpur Stock Exchange). This is quite intresting here because to see how government standing due to this issue instead of political matter. Not being political here but as a former chairman of OIC (Organization of the Islamic Conference),the usage of gold dinar (subject of discussion in one of the meeting) for OIC country have been brought up as a conclusion due to this matter. Intresting idea and hoping for further action.
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| Tags: against, commodities, dollar, euro, highest, keeps, sinking, their |
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