Ringgit rises to 3.9130 vs greenback on strong fundamentals, US Fed holds rates

KUALA LUMPUR: The ringgit opened marginally firmer against the US dollar on Thursday, supported by confidence in Malaysia’s economic growth and solid domestic fundamentals, while investors assessed the US Federal Reserve’s decision to leave interest rates unchanged.

At 8 am, the local currency traded at 3.9130/9230 versus the greenback, up from Wednesday’s close of 3.9175/9235.