The ringgit snapped a three-day losing streak to open higher against the US dollar today, as the business sector anticipates any potential clue on a US loan fee trek tomorrow, a merchant said.
At 9.01 am, the ringgit was cited at 4.0320/0370 against the greenback from 4.0350/0420 on Wednesday.
FXTM Corporate Development and Market Research Vice President Jameel Ahmad said most financial specialists are anticipating the planned discourse from Federal Reserve Chair Janet Yellen tomorrow.
"Clearly, everybody over the monetary markets is anxiously sitting tight for any pieces of information on the conceivable US loan cost approach standpoint, or if the Federal Reserve is in fact genuine about bringing financing costs up in the coming months.
"This may clarify why instability has quietened down to date this week," he included an announcement.
In the mean time, the nearby cash reinforced against a crate of real monetary standards, with the exception of the British pound.
The neighborhood note enhanced against the euro to 4.5453/5513 from 4.5515/5721 on Wednesday and enhanced against the Singapore dollar to 2.9767/9826 from 2.9805/9879.
It fell against the British pound to 5.3452/3539 from 5.3343/3455, however ascended against the yen to 4.0135/0197 from 4.0240/0331.
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