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Ringgit Eases Against US Dollar As Investors Await Key Us Data
KUALA LUMPUR, Aug 7 (Bernama) — The ringgit ended the week marginally lower against the US dollar as investors remained cautious ahead of the release of key United States (US) labour market data, while expectations over the US Federal Reserve’s (Fed) interest rate path continued to support the greenback, analysts said. At 6 pm, the local currency slightly eased to 4.0885/0930 against the greenback from Thursday’s close of 4.0875/0920. Quintex Intel global strategist Stephen Innes said the market is expecting a balanced US jobs report, with non-farm payrolls expected to increase by around 60,000, although recent labour market data had […]
