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KUALA LUMPUR: The ringgit ended lower against the US dollar as the greenback strengthened following higher-than-expected US nonfarm payroll (NFP) data, said an analyst.
For most of last week (ending April 5th), financial markets were worried about the upcoming employment report, and when markets fret, the indexes languish.
The United States (US) Bureau of Labor Statistics (BLS) will publish the high-impact Nonfarm Payrolls (NFP) data on Friday at 12:30 GMT.
Did Neel Kashkari get an early notice of the strong jobs report? Hawkish comments from the PResident of the Minnesota Fed late on Thursday triggered wild action in markets – and for good reasons.
Only one Easter Egg – a critical inflation indicator showed some moderation, but two other events over the long weekend proved adverse for markets.