Ringgit ends trading week lower

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KUALA LUMPUR, Feb 3 ― The ringgit ended lower against the US dollar at the end of the trading week as investors’ gaze fixed on the release of US non-farm payrolls later...

KUALA LUMPUR, Feb 3 ― The ringgit ended lower against the US dollar at the end of the trading week as investors’ gaze fixed on the release of US non-farm payrolls later today.

SPI Asset Management managing partner Stephen Innes said a stronger non-farm payroll number would support the US dollar, whereas a bad print would send recession fears around the globe and hurt risky assets like the ringgit. Against other major currencies, the ringgit traded mostly higher against a basket of major currencies.

 

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