The ringgit was slightly higher against the US dollar in early trade today on mild demand for the local note as some investors remained cautious on the greenback.
At 9.25 am, the ringgit was quoted at 3.8101/8130 against the US dollar from 3.8130/8150 recorded at 5 pm yesterday.
A dealer said some investors were reluctant to accumulate the US dollar ahead of the outcome of the US Federal Reserve policy meeting.
"Some traders also view that the dollar might not appreciate as much even if the Federal Reserve gives clear hints on the timing of interest rates hike given that the value is very much already factored in," he added.
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At 9.25 am, the ringgit was quoted at 3.8101/8130 against the US dollar from 3.8130/8150 recorded at 5 pm yesterday.
A dealer said some investors were reluctant to accumulate the US dollar ahead of the outcome of the US Federal Reserve policy meeting.
"Some traders also view that the dollar might not appreciate as much even if the Federal Reserve gives clear hints on the timing of interest rates hike given that the value is very much already factored in," he added.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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