Ringgit strengthens as greenback retreats on weak US economic data

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the greenback retreated following the release of the United States’ (US) economic data which came in below expectations, as well as the improvement in risk appetite, said an analyst.

At 9 am, the local note stood at 4.6350/6385 against the greenback from 4.6445/6475 at Tuesday’s close.