Ringgit opens higher after fall in US job openings
==========

The ringgit opened at 4.3675/3800 against the US dollar on October 30, 2024, after US job openings fell to 7.443 million in September, the lowest since January 2021. This drop of 418,000 job openings was below market expectations of 7.98 million. Bank Muamalat Malaysia's chief economist, Dr. Mohd Afzanizam Abdul Rashid, noted the potential support for the ringgit following a depreciation trend. Stephen Innes from SPI Asset Management indicated that easing US data could lead to an interest rate cut by the US Federal Reserve in December. The ringgit also showed mixed performance against other currencies, gaining against the yen and euro but dropping against the British pound.

#Ringgit #UsJobOpenings #Economy #Currency #InterestRates #Malaysia #ForeignExchange #BankMuamalat #StephenInnes #DrMohdAfzanizamAbdulRashid

https://www.nst.com.my/business/economy/2024/10/1127362/ringgit-opens-higher-after-fall-us-job-openings 

 nostr:note1lfe46lntmmud0z6gwxamqdzmn3av8ruhsl005ntq8rd2j80c4u2s4u6vdx