-- Asian currencies slumped to their weakest in more than 19 months after the dollar strengthened amid the prospect that US interest rates may stay higher for longer.Volkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureThe Bloomberg Asia Dollar Index fell 0.1% on Thursday to the lowest level since November 2022.
The weakness in the yen and the yuan will likely have spillover effects on regional currencies, especially the won and the Taiwan dollar, said Alvin Tan, strategist at RBC Capital Markets in Singapore.Other emerging-market currencies have not been spared either, with the Turkish lira and Brazilian real sliding more than 10% this year.
After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.The chip giant briefly became the world's most valuable company last week, but investors will worry its rally driven by the AI frenzy may soon end.There are some remarkably cheap TSX stocks on the market right now that are great long-term buys.
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