Weaker-than-expected PMI info from Washington boosts expectations of Fed rate cut

Markets keeping eye on US Fed's view of how interest rates will evolve in coming months.

Reforms necessary for stable currency amid global shocks, volatility, says Abdul Rasheed.

Weak labour market data from Washington bolsters odds of reduced interests.

Economist says the American labour market has weakened, allowing the ringgit to gain strength.

Expert says latest Nonfarm Payrolls figures raise expectations of interest rate cut.

KUALA LUMPUR, July 31 — The ringgit reversed its gains in the morning to end lower against the greenback on Thursday as the US Federal Reserve (US Fed) kept its benchmark interest rate steady overnight.

KUALA LUMPUR, July 31 — The ringgit opened higher against the United States dollar and a basket of major currencies today, ahead of the 13th Malaysia Plan (13MP) announcement this afternoon, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, July 30 — The ringgit reversed its morning gains to close slightly lower against the United States (US) dollar today, as traders turned cautious ahead of the US Federal Reserve's (US Fed) interest rate decision, amid uncertainty over a potential cut.

KUALA LUMPUR, July 30 — The ringgit was little changed against the United States dollar this morning as traders waited to see results of the Federal Open Market Committee (FOMC) meeting tonight, said an analyst.

KUALA LUMPUR, July 29 — The ringgit ended lower against the United States (US) dollar today as market traders await the outcome of the US Federal Open Market Committee (FOMC) meeting.

KUALA LUMPUR, July 29 — The ringgit opened higher today against the United States dollar and other major and regional currencies, supported by easing global trade tensions that lifted investor sentiment, an analyst said.

KUALA LUMPUR, July 26 — The ringgit is expected to hover between RM4.22 and RM4.24 next week as the US Federal Reserve (US Fed) is anticipated to maintain its policy rate.

KUALA LUMPUR, July 25 — The ringgit opened on a slightly firmer footing against the US dollar this morning, shrugging off the broader G10 currencies' weakness as a confluence of domestic optimism and regional tailwinds lifted sentiment, said an analyst.

KUALA LUMPUR, July 24 — The ringgit strengthened against the US dollar in early trade on Thursday, supported by improved market sentiment following the latest fiscal support measures.

KUALA LUMPUR, July 22 — The ringgit appreciated against the US dollar in early trade, supported by a weaker greenback as markets remain cautious ahead of the United States' August 1 tariff decision.

KUALA LUMPUR, July 19 — The ringgit is expected to hover around RM4.24 to RM4.26 next week amid mixed signals in the market.

KUALA LUMPUR, July 18 — The ringgit opened firmer against the United States (US) dollar on Friday as traders shied away from the greenback amid growing anticipation of an interest rate cut by the US Federal Reserve (US Fed).

KUALA LUMPUR, July 16 — The ringgit opened lower against the United States (US) dollar today as the greenback strengthened on waning hopes of an interest rate cut this month by the US.

KUALA LUMPUR, July 15 — The ringgit opened higher against the US dollar today, in line with strengthening Chinese yuan supported by upbeat China’s June economic data release, said an analyst.