(Nov 10): Malaysia’s ringgit rose by the most in a month as demand for the dollar waned following U.S. employment figures that missed estimates.

The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, posted the biggest drop in three weeks on Nov. 7 after data showed U.S. employers created 214,000 jobs in October, less than the median forecast of 235,000 in a Bloomberg survey. The ringgit led gains among Southeast Asian currencies today after last week’s steepest decline since September 2013.

“The U.S. payrolls numbers were much more dovish than expected,” said Wong Chee Seng, a currency strategist at AmBank Group in Kuala Lumpur. “That’s weighing on the dollar and helping Asian currencies, including the ringgit.”

Malaysia’s currency appreciated 0.5 percent to 3.33 per dollar as of 9:52 a.m. in Kuala Lumpur, the most since Oct. 9, according to data compiled by Bloomberg show. The ringgit dropped 1.7 percent last week and is down 1.6 percent this year.

One-month implied volatility, a measure of expected moves in the exchange rate used to price options, snapped a six-day run of gains. The gauge dropped 37 basis points, or 0.37 percentage point, to 7.34 percent.

A government report tomorrow may show Malaysia’s factory output increased 5.5 percent in September from a year earlier, slowing from 6.5 percent in August, according to the median estimate in a Bloomberg survey. Third-quarter economic growth probably eased to 5.6 percent from 6.4 percent in the previous three months, figures due on Nov. 14 are expected to show.

Ten-year government bond yields were little changed at 3.79 percent, according to data compiled by Bloomberg.