Malaysian Ringgit has depreciated against the US dollar on Monday’s evening (Aug 1). It dropped 0.04% against the Greenback today.
At 5pm, the local currency stood at 4.4528 versus the US Dollar, compared with last Friday’s close at 4.4485/4520.
Ringgit traded in the intraday high of 4.45 and low of 4.4540.
One of the main economic indicators that is going to be released this week is the non-farm payrolls data, and foreign exchange dealers said it is going to be a big week for risk sentiments ahead as the local currency has been supported by lower US yields. However, US employment data to be released this week, there might be some shift in the trend.
However, Malaysian Ringgit is expected to trade in a relatively tight range ahead of the release of the data.
