Ringgit opens higher as weak US jobs data hits US dollar


KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday as the greenback retreated after weaker United States (US) jobs data raised expectations of interest rate cuts.

At 8 am, the local unit stood at 4.2065/2225 per dollar, firmer than Thursday’s close of 4.2185/2240.

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Ringgit , currencies , US dollar , Interest rate , IJC , CPI

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