Ringgit ends lower against the greenback ahead of US economic data | Money


At 6 p.m., the local rating fell to 4.1785 / 1795 against the greenback since Monday’s close of 4.1730 / 1760. – Photo by Bernama

KUALA LUMPUR, October 5 – The ringgit closed lower against the US dollar today as the greenback was supported by expected positive momentum from ISM Manufacturing Purchasing Managers Index data expected later in the session, said a broker.

At 6 p.m., the local rating fell to 4.1785 / 1795 against the greenback since Monday’s close of 4.1730 / 1760.

ActivTrades trader Dyogenes Rodrigues Diniz said September data is expected to impact the US dollar, with a higher-than-expected reading that could be seen as potentially positive for the dollar as the ISM measures the health of the US dollar. the economy from a business point of view.

“This week will also see the release of data on the non-farm payroll, the most important macroeconomic indicator for assessing the health of the US economy.

“If this number shows a higher reading than expected, it could cause the dollar to appreciate against the ringgit,” he told Bernama.

At the close, the ringgit was trading almost lower against a basket of major currencies.

It fell against the Japanese yen at 3.7587 / 7596 against 3.7510 / 7540 yesterday, eased against the Singapore dollar at 3.0801 / 0813 against 3.0727 / 0751, and depreciated against the euro at 4.8475 / 8486 against 4.8440 / 8475 previously.

However, the local rating rose against the British pound to 5.6620 / 6933 from 5.6674 / 6714 at Monday’s close. – Bernama


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