KUALA LUMPUR: The ringgit opened lower against the greenback today ahead of the release of the US Jobs Report later today.
At 9am, the local currency traded at 4.2330/2360 against the US dollar, from 4.2270/2300 recorded at 6pm yesterday.
FXTM Research Analyst Lukman Otunuga said the dollar clawed back some of its losses after stronger-than- expected US data supported expectations of a US interest rate hike before year’s-end.
The local note was traded higher against other major currencies today.
It strengthened against the Singapore dollar to 3.0997/1035 from Thursday’s 3.1026/1060, and inched up against the yen to 3.7507/7543 from 3.7533/7563 yesterday. It rebounded against the euro to 4.9564/9604 from 4.9722/9762 on Thursday, and improved against the British pound to 5.5461/5513 from 5.5767/5823 yesterday. -- Bernama