Ringgit higher against most major currencies, easier vs US dollar
The Malaysian ringgit weakened against the US dollar following strong American labour market data, while performing mixed against other major currencies. Economists suggest the Federal Reserve may maintain a restrictive monetary policy in response to the resilient US economy.
Why it matters
Currency fluctuations impact international trade and reflect global investor sentiment regarding US monetary policy.
Share The local note depreciates to 4.0470/4.0520 following stronger-than-expected US labour market data. KUALA LUMPUR : The ringgit traded mostly higher against major currencies but was easier against the US dollar in early trade today as the greenback strengthened following better-than-expected United States labour market data. At 8am, the local note depreciated to 4.0470/4.0520 against the greenback from last Friday’s close of 4.0280/4.0320.
The article relies on market data and expert economic analysis without taking a political stance.
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