At 8 am, the ringgit increased to 4.4395/4500 against the greenback from last Friday’s close of 4.4410/4455.
: The ringgit opened higher today after the United States averted government shutdown, suggesting improved risk appetite sentiment, leading to a weaker US dollar.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said a weaker US economic data also contributed to positive sentiment for the local note today. Moreover, Mohd Afzanizam said traders and investors will be observing the two-day Federal Open Market Committee meeting which will begin on March 18.
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