Economist says soft US nonfarm payrolls data for August should lead to rate cut

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

KUALA LUMPUR, July 9 — The ringgit opened slightly lower against the US dollar in early trade today as recent economic data from the United States (US) provided support to the greenback, said an analyst.

KUALA LUMPUR, April 5 — The ringgit opened flat against the greenback today due to muted demand as investors await further market catalyst.

KUALA LUMPUR, April 3 — The ringgit opened higher against the US dollar on better buying support as the US Dollar Index (DXY) retreated after recent gains by the greenback.

KUALA LUMPUR, Sept 4 — The ringgit ended lower against the US dollar on Monday as the greenback gained strength on positive United States economic data, according to an analyst.

KUALA LUMPUR, Feb 5 — The ringgit slid further against the US dollar amid higher demand for the greenback on expectation of positive US nonfarm payroll (NFP) data, which will be released later today, said an analyst.