Ringgit opens higher against US$ as greenback weakens
KUALA LUMPUR: The ringgit continued its uptrend from last Friday’s closing to open higher today amid the weakening greenback and lower US Treasury yields, analysts said.
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KUALA LUMPUR: The ringgit continued its uptrend from last Friday’s closing to open higher today amid the weakening greenback and lower US Treasury yields, analysts said.
What are the expectations and what could trigger a sustained market reaction.
Slight miss on the NFP number combined with falling wage growth is setting aside inflation risks
Trading on the ringgit is expected to remain cautious this week, with all eyes on major data points such as the US nonfarm payroll (NFP) data which will be critical for ringgit-US dollar performance.
Asia Morning Bites China's Caixin services PMI report will be the focus for today ahead of tonight's US non-farm payroll data. Global markets and macr