The ringgit continued to be well supported and maintained its 11th consecutive day of gains against the USD as foreign investors flocked to shift investments to the Asian region following weak US jobs data on Friday.
At 10.20 am, the ringgit was at a position of 4.4330 compared to 4.4945 at the close of Friday last week.
Reports that the US unemployment rate jumped to a near three-year high of 4.3% in July compared to 4.1% for June.
Bank Muamalat Malaysia Bhd's Chief Economist, Dr Afzanizam believes the ringgit is on track to move towards its current support level of RM4.40.
He expects the ringgit to remain in the range between RM4.47 and RM4.48 against the US dollar throughout the day.
Additionally, the US bond market is in a bullish mode indicating that participants expect a significant drop in the Fed Funds Rate.
The ringgit traded lower against a group of major currencies and mixed against Asean currencies.
It fell against the British pound to 5.7447/5.7550 from 5.7264/5.7328 at Friday's close, falling against the euro to 4.9019/4.9106 from 4.8635/4.8689 last week.
Against Asean currencies, the local currency was almost unchanged against the Indonesian rupiah to 277.3/277.9 from 277.4/277.8 and unchanged against the Philippine peso at 7.73/7.57.
It eased against the Singapore dollar to 3.3889/3.3952 from 3.3750/3.3793 and fell against the Thai baht to 12.7158/12.7503 from 12.7093/12.7284 previously.
