Ringgit opens strongly amid upcoming Fed and Bank Negara meetings

KUALA LUMPUR: The ringgit opened higher against the US dollar and other major currencies on the first day of trading for the week.

The financial markets are closely watching two upcoming events, namely the US Federal Open Market Committee (FOMC) meeting scheduled for Oct 31 to Nov 1 and the Monetary Policy Committee (MPC) meeting of Bank Negara Malaysia (BNM) on Nov 2.