At 9 am, the local note fell to 4.1870/1910 from 4.1835/1850 at Tuesday’s close.
Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said the heightened uncertainties have led to a sudden surge in interest in safe-haven currencies.
"However, vaccination rates are rapidly increasing and the reopening of the economy is occurring globally.
"This necessitates the US Fed to withdraw some -- if not all -- of the monetary stimulus to reflect the current state of the economy,” he told Bernama.
Therefore, he said there could be a slight rebound in the ringgit movement later today.
At the opening, the ringgit was traded mostly higher against a basket of major currencies.
The ringgit climbed versus the British pound to 5.7173/7228 from 5.7272/7293 at Tuesday’s close, rose vis-a-vis the Singapore dollar to 3.0928/0962 from 3.0971/0984 and appreciated to 4.9063/9110 versus the euro from 4.9102/9119 yesterday.
However, the local note depreciated against the yen to 3.8321/8362 from 3.8181/8198 previously. - Bernama