The Ringgit opens lower against the US dollar on Monday, trading at 4.2375/2560, down from last Friday’s close of 4.2270/2360. The decline follows a stronger greenback, buoyed by resilient US labour data and a challenging global economic outlook for the second half of 2025.
Ringgit Opens Lower Amid Stronger US Dollar and Economic Uncertainty
May’s US nonfarm payrolls rose by 139,000, surpassing forecasts, while the unemployment rate held steady at 4.2%, lifting the US dollar index to 99.190. Despite this, signs of softening in the US labour market remain. The Ringgit also slipped against most major and ASEAN currencies, although it slightly strengthened versus the yen and Thai baht.
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