Ringgit Poised to Sustain Rally After Best Quarter in 50 Years [Yahoo! Finance]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: Yahoo! Finance
Most Read from Bloomberg The ringgit has risen more than 12% against the dollar so far this quarter, making it the best performing emerging-market currency. Narrowing rate differentials with the US, improving trade performance and attractive asset valuations may help the ringgit strengthen further, analysts said. Robust economic growth and a potential pickup in consumer prices if the government proceeds to remove some fuel subsidies may keep Bank Negara Malaysia on hold into 2025 even as other central banks start to lower borrowing costs. Foreign investor flows and further conversion of foreign currency deposits will also support the ringgit. “Malaysia's current account surplus, neutral central bank stance and stable fundamentals may help with further gains in light of dollar weakness,” said Jeff Ng, head of Asia macro strategy at Sumitomo Mitsui Banking Corp. “This is particularly so if markets expect more rate cuts by the US, reducing yield differentials between the US and Ma
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SMFG
Sec Filings
- 8/14/24 - Form 6-K
- 8/13/24 - Form 13F-HR
- 8/2/24 - Form 6-K
- SMFG's page on the SEC website