The ringgit opened mixed against regional currencies and mostly stronger against major currencies today on cautious market sentiment following stronger-than-expected US jobs data.
At 10:30am, the ringgit was trading at 3.9780, down 0.08% since it opened early Wednesday in the Asian session.
Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) was seen strengthening as it rose 0.14 percent to 99.327 points on the back of stronger-than-expected labour market data.
He said the weekly Automatic Data Processing (ADP) employment change data rose to 42,250 from 33,000 previously.
He also said the ongoing impasse in US-Iran talks and concerns over higher global inflation were expected to continue to support the strengthening of the US dollar.
The ringgit's movement is expected to remain flat today.
At the opening of trade, the ringgit was mostly traded higher against a basket of major currencies.
The local currency rose against the British pound to 5.3248/3382 from 5.3282/3336 at Tuesday's close.
The ringgit also strengthened against the euro to 4.6140/6256 from 4.6180/6226 previously.
However, the ringgit weakened against the Japanese yen to 2.4995/5060 from 2.4980/5006.
The ringgit also rose against the Thai baht to 12.1541/1918 from 12.1719/1898 and strengthened against the Singapore dollar to 3.1003/1083 from 3.1022/1055 previously.
However, the local currency depreciated against the Indonesian rupiah to 224.5/225.2 from 224.4/224.8 previously and declined against the Philippine peso to 6.44/6.46 from 6.43/6.45 previously.
