Highlights
of the week:
·
All eyes on China as the currency
depreciate by a cumulative 4% against US dollar
·
Helping to keep the door prop open to a
Fed rate hike this year, US retail sales top forecast with a 0.6% rise in July
·
2Q real GDP growth of 4.9% and current
account surplus of RM7.6 billion fail to keep markets on the optimistic side of
the equation
·
Most local govvies were under selling
pressure as Ringgit broke its psychological level of RM4.00 against US dollar
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