KUALA LUMPUR: The Malaysian ringgit took a hit against the US dollar on Friday, as a sense of caution loomed over the local currency, despite the greenback showing signs of weakness due to disappointing economic data from the United States.

By the end of the trading day, the ringgit slipped to 4.2900/2980 against the dollar, down from Thursday's closing rate of 4.2795/2870. This decline highlights ongoing concerns among investors about Malaysia's economic outlook.

Recent data from the U.S. indicated a slowdown in economic activity, which could have typically bolstered the ringgit. However, the results sparked worries in the local market, leading to a depreciation in the currency. Traders are closely monitoring forthcoming economic indicators to gauge future movements in both currencies.

As investors weigh their options, the ringgit's performance remains under the spotlight, closely tied to global economic trends and local market sentiment.