{
  "id": 11579535,
  "title": "Weak US jobs data gives ringgit a shot at RM4.07 next week",
  "url": "https://urgent.news/2026/10/03/weak-us-jobs-data-gives-ringgit-a-shot-at-rm4-07-next-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T02:15:37.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/03/weak-us-jobs-data-gives-ringgit-a-shot-at-rm407-next-week/237477"
  },
  "original_language": "en",
  "account": "The Malaysian ringgit is poised to strengthen against the US dollar in the upcoming week, with a potential range of RM4.07 to RM4.08, according to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. This is due to weaker-than-expected US employment data, which could signal that the US Federal Reserve may postpone a rate hike this month. The latest US labor market figures indicated that non-farm payrolls (NFP) grew by a mere 29,000 jobs in September, much lower than the anticipated 89,000, and the unemployment rate rose to 4.2 per cent. The upcoming Malaysia's Budget 2027, scheduled for October 9, will take center stage next week, with market participants likely to scrutinize the government's fiscal deficit target for 2027 and any potential adjustments to this year's 3.5 per cent GDP target. While Malaysia's total revenue increased by 12 per cent to RM165.4 billion in the first half of 2026, propelled by a 32 per cent surge in sales and service tax collection, operating expenditure rose by 14.4 per cent to RM94.6 billion, driven by a 61.2 per cent jump in subsidies to RM38.0 billion. Market participants will closely monitor macroeconomic targets like GDP, inflation, and the fiscal deficit for 2027, given the lingering external risks next year.",
  "summary": "KUALA LUMPUR, Oct 3 — The ringgit is expected to strengthen against the US dollar next week, trading in the range...",
  "key_points": [
    "US jobs data weaker than expected, signaling possible Fed rate delay",
    "Malaysian ringgit could reach RM4.07 to RM4.08 against US dollar",
    "Malaysia's Budget 2027 to be announced October 9"
  ],
  "editors_take": "Weaker US jobs data may prompt the US Federal Reserve to postpone a rate hike, giving the Malaysian ringgit a chance to strengthen against the US dollar in the coming week.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}