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

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 18 — Continuous foreign net inflows into the Malaysian equities market, along with the United States Federal Reserve (US Fed) interest rate cut optimism, are among the reasons that propped up the ringgit to touch a fresh six-month high against the greenback today.

KUALA LUMPUR, May 18 — The ringgit is expected to trade in a narrow range of 4.67 to 4.69 against the US dollar next week due to the absence of key economic data, said Kenanga Investment Bank Bhd.

KUALA LUMPUR, Jan 17 —The ringgit ended lower against the US dollar for the third consecutive day in line with other regional currencies after the United States (US) Federal Reserve (Fed) governor Christopher Waller said the Fed is in no hurry to cut rates.

KUALA LUMPUR, Nov 29 — The ringgit closed higher today for the third straight day against the greenback on rising expectations for an early US interest rate cut.