KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday as market participants stayed cautious ahead of key United States economic data due later in the night.
At 6pm, the local note depreciated to 4.0825/0870 versus the greenback from 4.0680/0735 at Monday’s close.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the key US data points to watch for were the Job Openings and Labor Turnover Survey and the Conference Board Consumer Confidence Index.
“The US dollar is well supported, with the index rising 0.23% to 101.338 points.” — Bernama
