Ringgit opens higher as US$ takes a breather

KUALA LUMPUR: The ringgit opened higher against the US dollar after the greenback had eased amidst growing concerns about the United States Federal Reserve’s (Fed) direction and China’s economy, said analysts.

At the same time, all eyes are focusing on Malaysia’s gross domestic product (GDP) announcement today, which could shed more light on the country’s economy and the latest assessment by Bank Negara Malaysia (BNM).