KUALA LUMPUR: The ringgit closed lower against the US dollar today as market participants stayed cautious ahead of key US economic data due later tonight.
At 6pm, the local note depreciated to 4.0825/4.0870 versus the greenback from 4.0680/4.0735 at yesterday’s close.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the key US data points to watch for tonight are the job openings and labor turnover survey (JOLTS) and the conference board consumer confidence index.
MORE TO COME
