The ringgit opened higher versus the US dollar on Tuesday on strong buying momentum for the local note, dealers said.
At 9am, the ringgit was quoted at 4.0030/0090 to the greenback from 4.0110/0160 at 5pm on Monday.
A dealer said the local currency was lifted by strong buying as investors shifted their interest to the local currency from the greenback following the sluggish consumer spending data released by the US.
"This would likely affect the US Federal Reserve's intention to hike interest rates next month," the dealer said.
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At 9am, the ringgit was quoted at 4.0030/0090 to the greenback from 4.0110/0160 at 5pm on Monday.
A dealer said the local currency was lifted by strong buying as investors shifted their interest to the local currency from the greenback following the sluggish consumer spending data released by the US.
"This would likely affect the US Federal Reserve's intention to hike interest rates next month," the dealer said.
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