The USD/MYR pair is an attractive alternative currency option to trade. This is because Malaysia is one of the countries in Southeast Asia with a strong economy due to its abundant natural resources, such as CPO, crude oil, and rubber.
USD/RUB is an alternative currency option that can be traded, this is because Russia is one of the market leaders for the European Union and several other countries in various commodity sectors such as oil, natural gas, precious metals to plantation commodities such as wheat. Russia is also the third largest producer in the world, after the US and Saudi Arabia for crude oil.
World gold prices are denominated or valued in USD, so gold transactions that occur in an international context are carried out in USD. With this high usage, coupled with the demand for gold from countries outside the United States, the value of the USD will be quite crucial in influencing the price of gold.
At the beginning of 2022, the movement of the global economy is still overshadowed by the COVID-19 virus. Although the effect has subsided for the Delta variant, the Omicron variant which was only detected in November 2021 poses a new threat to various sectors, including commodities.
Gold has been known for a long time, both as jewelry and as an investment asset and a hedge against economic and political conditions. The use of gold as jewelry among the public has increased the popularity of gold, outperforming other metals such as silver and platinum.
Digital gold allows investors to buy their gold online and does not depend on direct physical transactions, making it easier, safer and more practical. Physical gold, which is represented by digital gold, is stored in a vault that is insured by the seller on behalf of the customer. This is what helps investors overcome problems in conventional gold transactions.
USDSGD Transaction Opportunity, Will it Be as Big as the “Port”?
Singapore is well known by the global community as a hub that connects one country to another. The liaison role has become one of the major sources of state income for Singapore to be able to develop its economy to date.
Talking about the price of USD/CNY will be quite interesting because it contains two currencies originating from two major countries, namely the United States and China. Talking about the condition of the two countries could be a reference regarding the condition of the USD/CNY price.