Ringgit opens weaker against US$ on strong US labour data

KUALA LUMPUR: The ringgit opened lower against the US dollar this morning, weighed down by strong US labour market data which increased chances that the Federal Reserve (Fed) would maintain its restrictive stance on monetary policy, said an economist.

At 9 am, the local unit fell to 4.6680/6725 versus the US dollar compared with 4.6580/6630 at Thursday’s close.