Ringgit little changed against US dollar at opening

KUALA LUMPUR (March 25): The ringgit opened little changed against the US dollar today amid positive United States (US) economic data, an analyst said.

At 9.00 am, the local currency was marginally higher at 4.2200/2250 against the greenback from 4.2240/2250 at Thursday’s close.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US unemployment insurance claims declined to 187,000 for the week ended March 19 compared to 215,000 in the previous week, suggesting a healthy labour market condition.-BERNAMA