The ringgit opened firmer against the US dollar on improved sentiment ahead of the Monetary Policy Committee’s (MPC) announcement on the overnight policy rate (OPR) later on Thursday.
At 9am, the ringgit rose to 4.7145/7190 against the greenback compared with Wednesday’s close of 4.7295/7350.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid expects some positive movement for the local note but remains guarded as the US data is still flashing a resilient labour market. – Bernama
