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

Local note appreciation buoyed by rising expectations of US interest rate cut next month

Investors cautious ahead of Q2 GDP release, stronger greenback

US tariff likely to take a toll on US economy, necessitating US Federal Reserve reducing Fed Fund Rate to provide economic support

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

KUALA LUMPUR, July 22 — The ringgit appreciated against the US dollar in early trade, supported by a weaker greenback as markets remain cautious ahead of the United States' August 1 tariff decision.

KUALA LUMPUR, July 1 — The ringgit extended its upward trend at today’s open, buoyed by persistent weakness in the US dollar.

KUALA LUMPUR, June 28 — The ringgit is expected to trade firmer next week following the US labour market data, an analyst said.

KUALA LUMPUR, June 20 — The ringgit opened higher against the US dollar on Friday as investors remained in cautious mode amid the escalating conflict in the Middle East, said an analyst.

KUALA LUMPUR, June 13 — The ringgit extended its gains against the US dollar at Friday’s open, buoyed by continued weakness in US economic data, an analyst said.

KUALA LUMPUR, May 31 — The ringgit is likely to be traded cautiously against the US dollar next week amid ongoing uncertainties surrounding US tariff policy developments, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, May 23 — The ringgit opened stronger against the US dollar on Friday due to a weaker US Dollar Index (DXY) amid mixed economic data, said an analyst.

KUALA LUMPUR, Jan 31 — The ringgit opened slightly higher against the US dollar amid higher US Dollar Index (DXY) and strong economic data supporting the greenback, an analyst said.

KUALA LUMPUR, Jan 25 — The ringgit is expected to trade cautiously against the greenback next week, ahead of the US Federal Open Market Committee (FOMC) meeting, and to remain within the RM4.37 to RM4.38 range, an economist said.

KUALA LUMPUR, Jan 20 — The ringgit edged higher against the US dollar this morning, buoyed by cautious sentiment ahead of US President Donald Trump’s inauguration, an analyst said.

KUALA LUMPUR, Dec 31 — The ringgit opened higher against the US dollar this morning, despite rising demand for the safe-haven currency amid ongoing global economic uncertainties and heightened geopolitical risks, an analyst said.

KUALA LUMPUR, Dec 18 — The ringgit opened higher against the US dollar on Wednesday ahead of an expected interest rate cut later today in the United States.

KUALA LUMPUR, Dec 4 — The ringgit remained lower against the US dollar in early trade today as investors remained cautious about global market developments, an analyst said.

KUALA LUMPUR, Dec 3 — The ringgit was slightly lower against the US dollar in early trade on Tuesday amid cautious sentiment in the global currency market, said an analyst.

By Danial Dzulkifly KUALA LUMPUR, Dec 2 — Selangor’s decision to pivot from traditional budgets centred on cash handouts towards capacity building has been lauded as “the right move” and forward-thinking move by Bank Muamalat chief economist Afzanizam Abdul Rashid. He stressed the importance...