Ringgit opens higher amid weakened greenback

KUALA LUMPUR: The ringgit rebounded from yesterday’s loss to open slightly higher against the US dollar today, as the greenback weakened, amid dovish US Federal Reserve’s interest rate hike expectations.

At 9.01am, the local note was traded at 4.1610/1660 against the US dollar from Thursday’s close of 4.1620/1670.