KUALA LUMPUR: The ringgit opened marginally lower against the US dollar today, as traders awaited the US Non-Farm Payroll data, which could determine the greenback’s performance.
At 9.02am, the local note was traded at 4.0080/0150 to the US dollar from 4.0020/0090 on Thursday.
FXTM Chief Market Analyst Jameel Ahmad said if the data comes in below expectations, or fails to provide optimism to the market, then a US rate rise could occur next month.
“Then, there is always a chance that the dollar could end up reversing its gains,” he added.
The local note traded mixed against other currencies.
The ringgit strengthened against the Singapore dollar to 2.9462/9526 from 2.9492/9552 on Thursday, but depreciated against the yen to 3.7350/7425 from 3.7290/7370.
It appreciated against the euro to 4.5671/5767 from 4.5767/5863 and opened slightly higher against the British pound at 5.8032/8157 from 5.8037/8159. -- Bernama