Ringgit opens higher against US dollar

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The ringgit rose against the US dollar in the early morning session today on better demand for the local note, amidst broad US dollar weakness.

At 9.10am, the local unit was quoted at 4.2950/3050 against the greenback, from 4.3220/3280 at the close on Wednesday.

A dealer said market players anticipate the United States' nonfarm payrolls report for April – which will be released later today – to show massive job losses following the Covid-19 pandemic.

- Bernama

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