Ringgit retreats vs US$ ahead of personal consumption expenditure reading

KUALA LUMPUR: The ringgit was lower against the greenback in early trade on Friday despite the continuing downward bias of the US dollar after discouraging gross domestic (GDP) print ahead of the Fed’s release of the inflation gauge for March, tonight.

At 9 am, the ringgit eased slightly to 4.7770/7825 against the greenback from Thursday’s close of 4.7745/7775.