The ringgit continued to depreciate against the United States (US) dollar on Friday trading as a result of gaining support ahead of the announcement of US Non-Farm Payroll (NFP) data to be published tonight.
At exactly 10.20am, the ringgit was at 4.2320 which is 0.33% lower against the USD than it closed at 4.2185 on Thursday.
SPI Asset Management's managing director, Stephen Innes said the NFP report on Friday will change the outlook for the ringgit from negative sentiment to positive.
He also said that the market implies that the low NFP figure is expected to provide much-needed support to boost the ringgit.
However, a stronger-than-expected report could push US yields higher and reignite inflation concerns and cause the ringgit to continue to decline.
Israel's latest attack on Beirut has sent Brent crude oil prices soaring to $77.62 a barrel, sparking fears of a possible disruption to global oil supplies.
The conflict has caused traders to turn to the safe currency of the US dollar.
Meanwhile, the local unit rose against the euro to 4.6524/6612 from 4.6555/6627 on Thursday, rose slightly against the Japanese yen to 2.8710/8766 from 2.8711/8757 but fell against the British pound to 5.5348/5453 from 5.5330/5415.
The ringgit also recorded a mixed performance against other Asean currencies.
It rose against the Singapore dollar to 3.2511/2575 from 3.2523/2575 and rose against the Thai baht to 12.7233/7582 from 12.7270/7520.
However, the local unit was almost unchanged against the Indonesian rupiah at 273.2/273.8 from 273.4/273.9 and unchanged against the Philippine peso at 7.48/7.50.
