The local note edges up to 4.0815/4.0880 as resilient US services data keeps the dollar supported.The local note edges up to 4.0815/4.0880 as resilient US services data keeps the dollar supported.
Ringgit opens slightly higher amid focus on Fed outlook
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KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Tuesday amid continued focus on the US Federal Reserve’s interest rate outlook.
At 8am, the local note rose to 4.0815/4.0880 against the greenback compared with 4.0825/4.0875 at Monday’s close.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said investors remained focused on the Fed, while the resilience of the US services sector was expected to keep the US dollar well supported.
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