Ringgit opens slightly higher on expectations of lower US CPI data

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar as the greenback continued to trend lower due to markets’ expectation of a lower United States (US) Consumer Price Index (CPI) print set to be released tomorrow.

At 9.05 am, the local note was traded at 4.6605/6650 against the greenback compared with 4.6685/6725 at Monday’s close.