KUALA LUMPUR: The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst.
At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690.
The market was closed on Monday and Tuesday for the Hari Raya Aidilfitri celebration. AxiCorp global chief market strategist Stephen Innes said the ringgit is in the midst of a tug of war between stabilising oil prices and heightened United States (US)-China trade tension.