The ringgit extended its recent positive momentum to trade slightly higher against the US dollar in early trading on Friday.
At 10.10am, the ringgit was at 4.4670, down 0.16% against the USD from its close of 4.4610 at the end of Thursday.
However, the US Dollar Index (DXY) remained higher overnight when it reached 107.146 points before leveling off at around 106.972.
Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said the US weekly initial jobless claims data fell more than expected to 213,000, indicating that the US labour market remained strong.
In addition, the European Central Bank (ECB) is facing calls for lower interest rates.
He added that the Fed is likely to ease its monetary policy and the ringgit is likely to trade in a range due to the lower outlook.
Meanwhile, the ringgit traded higher against a basket of major currencies.
It rose against the British pound to 5.6125/6250 from 5.6342/6393 at Thursday's close and rose against the euro to 4.6692/6796 from 4.6907/6949 yesterday.
However, it depreciated against the Japanese yen to 2.8929/8998 from 2.8892/8920 previously.
The local unit was traded mixed against Asean currencies.
It rose against the Singapore dollar to 3.3118/3197 from 3.3189/3222 and appreciated against the Thai baht to 12.8305/8737 from 12.8748/8923 at Thursday's close.
It traded almost unchanged against the Philippine peso at 7.56/7.58 from 7.56/7.57 and the Indonesian rupiah at 279.9/280.7 from 279.9/280.4.
