Ringgit opens firmer versus greenback as US labour demand declines
==========
On September 5, 2024, the ringgit opened at 4.3380/3545 against the US dollar, improving from the previous day's close of 4.3505/3560; US job openings fell to 7.673 million in July, below the expected 8.09 million; Bank Muamalat's chief economist, Dr. Mohd Afzanizam Abdul Rashid, noted guarded demand for the ringgit amid global economic uncertainty; the US Federal Reserve is expected to cut interest rates during the FOMC meeting on September 17-18; the ringgit also strengthened against the euro and British pound but weakened against the Japanese yen; it traded higher against several ASEAN currencies, including the Singapore dollar and Indonesian rupiah.
#Ringgit #UsDollar #Economy #InterestRates #JobOpenings #Malaysia #BankMuamalat #GlobalEconomy #Asean #CurrencyExchange
https://www.nst.com.my/business/economy/2024/09/1101443/ringgit-opens-firmer-versus-greenback-us-labour-demand-declines
New Straits Times /
npub1da…x087j
2024-09-05 02:05:08
Author Public Key
npub1da9xhqetht0hvcwa6g5ftpl58zs3zymrtf6t69rfw66hr2uk6gnq9x087jPublished at
2024-09-05 02:05:08Event JSON
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"content": "Ringgit opens firmer versus greenback as US labour demand declines\n==========\n\nOn September 5, 2024, the ringgit opened at 4.3380/3545 against the US dollar, improving from the previous day's close of 4.3505/3560; US job openings fell to 7.673 million in July, below the expected 8.09 million; Bank Muamalat's chief economist, Dr. Mohd Afzanizam Abdul Rashid, noted guarded demand for the ringgit amid global economic uncertainty; the US Federal Reserve is expected to cut interest rates during the FOMC meeting on September 17-18; the ringgit also strengthened against the euro and British pound but weakened against the Japanese yen; it traded higher against several ASEAN currencies, including the Singapore dollar and Indonesian rupiah.\n\n#Ringgit #UsDollar #Economy #InterestRates #JobOpenings #Malaysia #BankMuamalat #GlobalEconomy #Asean #CurrencyExchange\n\nhttps://www.nst.com.my/business/economy/2024/09/1101443/ringgit-opens-firmer-versus-greenback-us-labour-demand-declines",
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