PETALING JAYA: Harimau Malaya have dropped down the world rankings again.
KUALA LUMPUR: The ringgit ended higher against the US dollar as the greenback retreated on selling activities after the United States ISM purchasing managers’ index for services report showed that price pressures are easing, said an analyst.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit has gained some good ground today following weak outturn in the US ISM index for the services sector to 51.4 points in March which has been on a downward spiral from as high as 69.1 points on December 2021. SPI Asset Management managing director Stephen Innes said the focus has turned to non-farm payrolls which will be released on Friday.
At the close, the ringgit was also traded lower against a basket of major currencies except the Japanese yen.
Ringgit Closing Stephen Innes Federal Reserve US Inflation
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