The ringgit opened stronger against the US dollar at the opening of trade on Wednesday ahead of the release of key US economic data this week.
At exactly 10.20am, the ringgit slipped slightly to 4.7200 against the US dollar from its opening of 4.7170 in the early trading session this morning.
The market is now expecting a series of key releases such as the US ADP jobs report, Initial Jobless Claims and the ISM Index for the non-manufacturing sector to move in balance if the data is better than expected.
Meanwhile, the ringgit was mostly low against a group of major currencies.
The local currency appreciated against the Japanese yen to 2.9170/9197 from yesterday's close of 2.9195/9213, eased against the British pound to 5.9794/9845 from 5.9628/9659 yesterday and eased against the euro to 5.0646 from 5.0556 previously.
However, the ringgit is trading stronger than its peers in the Asean region.
The local currency was slightly higher against the Singapore dollar at 3.4736/4768 compared to yesterday's close of 3.4737/4757. It rose against the Thai baht to 12.7937/8096 from 12.8021/8141.
It also strengthened against the Philippine peso to 8.01/8.03 from 8.02/8.03 at Tuesday's close and rose against the Indonesian rupiah to 287.4/287.8 from 287.8/288.1.
