The ringgit has been stable against the US dollar since last week as the domestic market evaluated the People's Bank of China's (PBOC) reference rate as weaker than expected.
At 10.20am, the ringgit was at 4.2150, down 0.24% since it opened in early trade on Thursday in the Asian session.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) remained high at 97.687 points, the ringgit is likely to remain weak in the near term, hovering around RM4.21 and RM4.23 throughout the day.
Investors are now awaiting US data, with personal consumption expenditure (PCE) inflation on Friday and Non-Farm Payrolls (NFP) next week to determine the US Fed's next policy stance.
At the opening, the ringgit traded higher against the Japanese yen at 2.8310/8346 from 2.8400/8436 on Wednesday. It eased to 5.6647/6714 against the British pound from 5.6761/6828 and eased to 4.9453/9512 against the euro from 4.9567/9626.
The local note was mixed against ASEAN currencies.
It rose to 3.2687/2731 against the Singapore dollar from 3.2724/2738, and strengthened to 13.1109/1334 against the Thai baht from 13.1572/1781. It was unchanged against the Indonesian rupiah at 252.4/252.8 and the Philippine peso at 7.33/7.34
