Kuala Lumpur, 3 July 2026 – The ringgit opened firmer against the US dollar as weaker-than-expected United States labour market data revived expectations that the Federal Reserve may have more room to ease monetary policy later this year.
The local currency benefited from renewed pressure on the greenback after US nonfarm payrolls rose by only 57,000 in June, well below economists’ expectations of 110,000. The softer jobs print reinforced market views that the US economy may be losing momentum, pushing Treasury yields lower and weighing on the dollar.
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