Oddbean

Ringgit reverses recent losses to close slightly higher against US dollar ========== The ringgit closed at 4.2155/2240 against the US dollar on October 4, 2024, recovering from previous losses; it rose despite geopolitical risks in the Middle East and anticipation of US non-farm payrolls data; Brent crude oil price increased to US$78.3 per barrel; Bank Muamalat Malaysia Bhd's chief economist Dr. Mohd Afzanizam Abdul Rashid noted the conflict in the Middle East as a key risk factor; US non-farm payrolls expected to show an increase to 147,000 jobs in September from 142,000; the ringgit was mixed against other currencies, rising against the euro and Singapore dollar but lower against the yen and British pound. #Ringgit #UsDollar #Economy #Malaysia #Forex #Banking #Geopolitics #NonfarmPayrolls #BrentCrude #Currency https://www.nst.com.my/business/economy/2024/10/1114980/ringgit-reverses-recent-losses-close-slightly-higher-against-us