KUALA LUMPUR: The ringgit opened slightly higher against the US dollar as investors’ interest shifted towards the ringgit, ahead of the release of US jobs data.

As at 9.06 am, the local unit stood at 4.4580/4630 against the greenback from 4.4590/4620 at 6pm yesterday.

A dealer said traders were somewhat cautious on the US dollar as they awaited the release of US non-farm payrolls statistics later today, which was likely to influence the Federal Reserve’s decision on raising interest rates at its March 14-15 meeting.

Meanwhile, the ringgit was traded mixed against other major currencies.

The local note rose against the Singapore dollar to 3.1372/1414 from 3.1377/1416 on Thursday and versus the yen, it increased to 3.8701/8755 from 3.8821/8857.

The ringgit depreciated against the euro to 4.7192/7250 from 4.7074/7123 and was lower against the British pound at 5.4191/4270 from 5.4177/4227 yesterday. – Bernama

Read more at http://www.thestar.com.my/business/business-news/2017/03/10/ringgit-opens-slightly-higher-against-us-dollar/#S6bw7SwjoMDwOPKR.99

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