Ringgit stays close to RM3.97 after U.S. jobs and Iran news push up dollar
Ringgit slips against dollar as US jobs data, West Asia tensions steer demand The ringgit started a bit weaker versus the dollar on Wednesday, hovering close to RM3.97. Investors stuck with the dollar after stronger US labour figures and ongoing conflict in West Asia. The ringgit traded at 3.9755/9855 at 8 a.m., from 3.9745/9785 late Tuesday. Fresh U.S. jobs data is making it tougher for traders to wager on easier Fed policy. ADP Research said private employers added about 42,250 jobs a week in the four weeks through May 2, up from 33,000 per week before. That's a preliminary weekly figure for private-sector hiring.