The ringgit continued to trend higher as it strengthened against the US dollar in early session on Friday following weaker US economic data, an economist said.
At 9am, the ringgit climbed to 4.6300/6380 against the greenback from yesterday’s close of 4.6525/6565.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the final third quarter (3Q) 2023 US gross domestic product (GDP) estimates came in lower than expected at 4.9 per cent against consensus survey of 5.2 per cent. — Bernama
