Ringgit opens mixed as US jobs data lifts dollar outlook

Ringgit opens mixed as US jobs data lifts dollar outlook

The local unit slips to 3.9755/3.9855 on cautious sentiment following stronger-than-expected labour figures.

Ringgit
KUALA LUMPUR:
The ringgit opened mixed against regional peers and was mostly firmer against major currencies today, amid cautious market sentiment following stronger-than-expected US jobs data.

At 8am, however, the local unit slipped to 3.9755/3.9855 against the greenback from Tuesday’s close of 3.9745/3.9785.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US Dollar Index (DXY) appeared to be gaining further strength, rising 0.14% to 99.327 points following higher-than-expected labour market data.

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