Ringgit seen holding steady against US dollar next week
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The ringgit is expected to trade between 4.21 to 4.22 against the US dollar next week; US non-farm payrolls (NFP) rose by 254,000 jobs in September; US unemployment rate decreased to 4.1% from 4.2%; Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid indicates stronger US jobs data may enhance dollar appeal; SPI Asset Management's Stephen Innes notes rising oil prices support US dollar strength; ringgit hit its highest level since April 2021 at 4.09 earlier in the week; on a Friday-to-Friday basis, ringgit fell to 4.2155/2240 from 4.1230/1280; ringgit traded lower against euro and British pound but gained against Japanese yen; ringgit slipped against ASEAN currencies including Singapore dollar and Philippine peso.

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https://www.nst.com.my/business/economy/2024/10/1115464/ringgit-seen-holding-steady-against-us-dollar-next-week