Ringgit Opens Higher Against U.S. Dollar Ahead Of Key CPI Report

The ringgit strengthened this morning against the US dollar amid cautious sentiment as markets await the release of the United States (US) consumer price index (CPI) report, according to an analyst.

At 8 a.m., the local currency rose to 4.3330/4.3460 against the greenback, improving from yesterday’s close of 4.3400/4.3445.

The US CPI report is set to be released later today.

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