Ringgit opens lower as robust US payrolls strengthen dollar


KUALA LUMPUR: At 9am, the ringgit was quoted at 4.1220/1250 against the US dollar from 4.1150/1200 on Wednesday.

AxiCorp's chief market strategist Stephen Innes said robust US economic data has lessens the likelihood of a Federal Reserve interest rate cuts, thus supporting the greenback, which harms Asian currencies.

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