KUALA LUMPUR, May 20 — The ringgit opened mixed against regional peers and was mostly firmer against major currencies today, amid cautious market sentiment following stronger-than-expected US jobs data.
At 8am, however, the local unit slipped to 3.9755/9855 against the greenback from yesterday’s close of 3.9745/9785.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) appeared to be gaining further strength, rising 0.14 per cent to 99.327 points following higher-than-expected labour market data. — Bernama
