KUALA LUMPUR: Emerging market currencies, including the ringgit, are expected to continue their upward momentum over the coming days against the US dollar after the greenback reacted negatively to discouraging non-farm payroll data for March.

ForexTime Chief Market Analyst Jameel Ahmed said the weak US non-farm payroll provided more than enough ammunition for the US Federal Reserve to remain hesitant on raising interest rates.

"Pushed-back US interest rate expectations is the best news central banks of emerging market currencies could receive.

"Easing interest rate expectations also reduce the pressure of a sudden outflow of capital from these economies," he said in a statement today.

ForexTime is an international foreign exchange broker which provides access to the global currency market and offers trading in foreign exchange and precious metals.

Job creation has been the major driver of the US economy.

"The US dollar is being widely sold against its trading partners after the US economy unexpectedly added 126,000 jobs in March.

"This has ultimately erased any remaining optimism that the US Federal Reserve could raise interest rates in June, and pushed back expectations for a rate hike until at least September," added Jameel.

As at 2.30 pm, the ringgit was traded 3.6255/6285 against the US dollar. -- BERNAMA