Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said that markets will be watching for the US Nonfarm Payrolls (NFP) data closely next week with consensus estimates pegging it at 188,000 for February.
WE are now getting our shorts in knots over the ringgit, the declining local unit is now an existential threat and it is affecting our sense of wellbeing as a nation. It is giving us emotional ulcers, a sickening, sinking, feeling that we may be on a slippery slope into something we cannot even imagine.
The US Justice Department is reportedly exploring settlement options in President Donald Trump’s US$10 billion lawsuit against the IRS, including a proposal that could halt audits involving Trump and his family businesses, sparking fresh ethical and legal questions
Malaysia’s currency faces external headwinds from US monetary policy and West Asia tensions, but Finance Ministry insists domestic fundamentals remain strong with 5.4% growth and low inflation
