US nonfarm payrolls are expected to rise to 65,000 in October from 29,000 in the previous month, says analyst.
Key takeaways
The Malaysian ringgit ended lower against the US dollar as traders reacted to strong US economic data expectations and geopolitical tensions. The currency also weakened against the British pound, euro, and several other regional peers.
- October US nonfarm payrolls are expected to reach 65,000, with the unemployment rate holding at 4.2%.
- The ringgit closed at 4.0695/4.0735 against the US dollar, down from the previous close of 4.0555/4.0600.
- The currency also declined against the British pound, euro, Singapore dollar, Thai baht, and Indonesian rupiah.
Summarised automatically by AI from the original article by Free Malaysia Today. AI can make mistakes, so check the original for details.
KUALA LUMPUR: The ringgit ended lower against the US dollar today, with a positive US economic data outlook lending support to the greenback.
At 6pm, the local note eased to 4.0695/4.0735 against the greenback from last Friday’s close of 4.0555/4.0600.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said the October US nonfarm payrolls (NFP), scheduled for release on Nov 6, are expected to reach 65,000 against 29,000 in the preceding month, while the unemployment rate is expected to remain at 4.2%.
