Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the latest US initial jobless claims which fell to184,000 last week against consensus estimates of 215,000 indicated that the labour market in that county is really on the mend.
He said, as such, all eyes will be on the Federal Open Market Committee meeting on Dec 14-15 next week. Throughout this week, the ringgit traded mostly higher against the greenback on improved sentiment in the local currency and concerns over the Omicron variant subsided somewhat.
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