Weak American labour market report strengthens conviction of interest rate cut in next US FOMC meeting, says analyst

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 23 — The ringgit edged higher against the US dollar in early trade, driven by cautious market sentiment ahead of the August 1 tariff deadline.

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 13 — Malaysia’s brisk ringgit-denominated transactions will continue to entrench the local currency as among the top 20 currencies globally, a top wealth management company official said today.

KUALA LUMPUR, July 8 — Malaysia stands to gain immensely from Prime Minister Datuk Seri Anwar Ibrahim’s official visits to Italy, France, and Brazil, not only in attracting potential investments, but also in expanding export markets as protectionist tendencies from United States (US) tariffs threaten to shutter global trade.

KUALA LUMPUR, July 3 — The ringgit closed higher against the United States (US) dollar today, supported by improved regional sentiment following a new US-Vietnam trade deal, said SPI Asset Management managing partner Stephen Innes.

KUALA LUMPUR, July 2 — The ringgit closed lower against the United States (US) dollar today, as fading hopes of a trade deal ahead of the upcoming US tariff deadline weighed on investor sentiment.

KUALA LUMPUR, July 1 — The ringgit closed higher against the United States (US) dollar today, supported by improved sentiment towards emerging market currencies amid a weaker greenback.

KUALA LUMPUR, June 30 — The ringgit closed higher against the United States (US) dollar today, buoyed by improved regional sentiment.

KUALA LUMPUR, June 25 — The ringgit ended firmer today, supported by easing geopolitical tensions and weaker United States (US) economic data that continued to pressure the greenback.

KUALA LUMPUR, May 24 — The ringgit is expected to stay firm with an upside bias against the greenback next week, ahead of the release of United States (US) central bank meeting minutes and the US personal consumption expenditures inflation report.

KUALA LUMPUR, May 16 — The ringgit closed lower against the United States (US) dollar on Friday as cautious sentiment on the local note offset a weaker greenback following softer economic data in the US.

KUALA LUMPUR, May 15 — The ringgit closed marginally higher against the United States (US) dollar today, buoyed by mild demand, as traders remained cautious while monitoring ongoing economic developments.

KUALA LUMPUR, May 14 — The ringgit closed firmer against the American dollar on Wednesday, supported by improved risk sentiment following a lower-than-expected United States (US) inflation reading and easing US Treasury yields.

KUALA LUMPUR, May 13 — The ringgit closed lower against the United States (US) dollar today as investors scaled back their expectations for the United States Federal Reserve (US Fed) to cut interest rates.

KUALA LUMPUR, May 10 — The ringgit is expected to stay weaker in the near term, given the optimism that a trade deal between the United States (US) and China, and perhaps the rest of the world, would be achieved within the 90-day pause period.