KUALA LUMPUR, May 9 — The ringgit was traded easier against the US dollar in the early session today amid stronger demand for the greenback, said an analyst. At 9.05am, the local note was pegged at 4.3745/3780 versus the greenback from Friday’s close of 4.3650/3680. Bank Islam...
KUALA LUMPUR, May 9 — The ringgit was traded easier against the US dollar in the early session today amid stronger demand for the greenback, said an analyst.
“The latest Nonfarm Payroll , which came in at 428,000 in April 2022, was higher from consensus estimates of 380,000 while the jobless rate was sustained at 3.6 per cent for two consecutive months. “We foresee BNM would maintain its benchmark interest rate as downside risks to growth remain highly visible while the inflation rate is still fairly contained,” he said.
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