The ringgit rebounded to open higher against the US dollar today after the release of the United States (US) ISM manufacturing purchasing managers’ index (PMI) data which came in lower than expected at 46.3 points in March, said an economist.
At 9 am, the local note rose to 4.4030/4075 versus the US dollar compared to Monday’s closing rate of 4.4175/4195.
Earlier, the US ISM data was expected to be slightly lower at 47.5 points in March based on consensus estimates compared to 47.7 points in February.
