Ringgit weakens against US dollar, gains against major currencies

 The local note slides to 4.0120/4.0160 as authorities across Asia reaffirm currency stabilisation efforts.

KUALA LUMPUR:

The ringgit traded easier against the US dollar on Friday morning but strengthened against other major currencies amid a cautious currency market, as authorities across Asia issued statements reaffirming their commitment to stabilise their respective currencies.

This happened as the US dollar is likely to stay firm with the US Nonfarm Payroll (NFP) set to be announced later tonight.

At 8am, the local currency slid to 4.0120/4.0160 against the greenback from yesterday’s close of 4.0095/4.0140. - FMT

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