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KUALA LUMPUR: The ringgit extended a negative trend on Friday against the US dollar with sentiment continuing to be hamstrung by the expectation that the higher-for-longer rate narratives are likely to prevail.
The greenback appears to have taken a break following the strong start of the new trading year on Thursday.
Recession, what recession? Forecasts for 2023 ranged between subdued and gloomy, but as the last jobs report for the year shows, the level of hiring is consistent with healthy growth, not a downturn.
The high-impact Nonfarm Payrolls (NFP) data from the United States (US) will be published by the Bureau of Labor Statistics (BLS) on Friday at 13:30 GMT.
US NFP 216,000 (170,000 expected, 173,000 in November revised down from 199,000) Average hourly earnings (MoM) 0.4% (0.3% expected, 0.4% in November) USDJ