The ringgit slipped further against the US dollar when the market opened on Tuesday as positive US economic data points continued to support the greenback, a dealer said.
At 9.01am, the local currency eased to 4.7440/7490 versus the US dollar from Monday’s closing of 4.7285/7325.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said emerging market currencies, including the ringgit, will remain weak in the near term, and the trend is likely to persist ahead of the US nonfarm payrolls (NFP), which is scheduled for release on Friday.
