The ringgit extended losses since yesterday against the US dollar following strong sentiment on the US economy and giving a high advantage to the USD.
At 10.40am, the ringgit was trading at 4.7160 which is a slight recovery of 0.13% compared to its close of 4.7100 on Wednesday.
Bank Muamalat Malaysia Bhd's Chief Economist, Dr Afzanizam Abdul Rashid said the Japanese yen seemed to be the headline news as the dollar-yen crossed the 160 yen level ahead of the US Personal Consumer Expenditure (PCE) Price Index report this Friday.
Other major currencies such as the euro, the British pound and the Canadian dollar also declined due to the higher US Dollar Index (DXY) to 106,052 points.
He said again, the 10-year US Treasury note also reversed direction by rising 8.0 basis points to 4.33%. Gold prices fell below $2,300 an ounce due to higher US yields.
Meanwhile, the ringgit is mostly mixed compared to other major currency groups.
It appreciated against the Japanese yen to 2.9379/9403 from 2.9459/9489 and rose against the British pound to 5.9555/9600 from 5.9722/9779. However, the ringgit fell against the euro to 5.0409 from 5.0383.
The local note also traded mixed against other Asean currencies.
The ringgit rose against the Thai baht to 12.7623/7766 from 12.8007/8185 and rose against the Singapore dollar to 3.4735/4764 from 3.4746/4782 yesterday.
It was also weaker against the Indonesian rupiah at 287.4/287.9 from 287.1/287.6 and unchanged against the Philippine peso at 8.01/8.02 from 8.01/8.02 previously.
