Ringgit seen holding steady against US dollar next week
==========
The ringgit is expected to trade between 4.21 to 4.22 against the US dollar next week; US non-farm payrolls (NFP) rose by 254,000 jobs in September; US unemployment rate decreased to 4.1% from 4.2%; Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid indicates stronger US jobs data may enhance dollar appeal; SPI Asset Management's Stephen Innes notes rising oil prices support US dollar strength; ringgit hit its highest level since April 2021 at 4.09 earlier in the week; on a Friday-to-Friday basis, ringgit fell to 4.2155/2240 from 4.1230/1280; ringgit traded lower against euro and British pound but gained against Japanese yen; ringgit slipped against ASEAN currencies including Singapore dollar and Philippine peso.
#Ringgit #UsDollar #Economy #BankMuamalat #NonfarmPayrolls #StephenInnes #MohdAfzanizamAbdulRashid #Currency #ForeignExchange #Asean
https://www.nst.com.my/business/economy/2024/10/1115464/ringgit-seen-holding-steady-against-us-dollar-next-week
New Straits Times /
npub1da…x087j
2024-10-06 01:54:52
Author Public Key
npub1da9xhqetht0hvcwa6g5ftpl58zs3zymrtf6t69rfw66hr2uk6gnq9x087jPublished at
2024-10-06 01:54:52Event JSON
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"content": "Ringgit seen holding steady against US dollar next week\n==========\n\nThe ringgit is expected to trade between 4.21 to 4.22 against the US dollar next week; US non-farm payrolls (NFP) rose by 254,000 jobs in September; US unemployment rate decreased to 4.1% from 4.2%; Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid indicates stronger US jobs data may enhance dollar appeal; SPI Asset Management's Stephen Innes notes rising oil prices support US dollar strength; ringgit hit its highest level since April 2021 at 4.09 earlier in the week; on a Friday-to-Friday basis, ringgit fell to 4.2155/2240 from 4.1230/1280; ringgit traded lower against euro and British pound but gained against Japanese yen; ringgit slipped against ASEAN currencies including Singapore dollar and Philippine peso.\n\n#Ringgit #UsDollar #Economy #BankMuamalat #NonfarmPayrolls #StephenInnes #MohdAfzanizamAbdulRashid #Currency #ForeignExchange #Asean\n\nhttps://www.nst.com.my/business/economy/2024/10/1115464/ringgit-seen-holding-steady-against-us-dollar-next-week",
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