Ringgit set for further appreciation amid cautious outlook on US economic data

KUALA LUMPUR: The ringgit is expected to continue appreciating next week, despite traders remaining cautious about key United States economic indicators, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that several important data points to keep an eye on, including the US ISM index for the manufacturing sector, the Job Openings and Labor Turnover Survey (JOLTS), ADP employment changes, and Nonfarm Payroll (NFP) figures.