KUALA LUMPUR: The ringgit was lower against the greenback in early trade on Friday despite the continuing downward bias of the US dollar after discouraging gross domestic (GDP) print ahead of the Fed’s release of the inflation gauge for March, tonight.

At 9 am, the ringgit eased slightly to 4.7770/7825 against the greenback from Thursday’s close of 4.7745/7775.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said US GDP first quarter (1Q2024) came in lower than expected at 1.6 per cent versus a consensus forecast of 2.5 per cent, suggesting that the economy slowed in the first three months of this year.