KUALA LUMPUR: The ringgit opened higher against the US dollar and most major currencies on Thursday as the greenback remained under pressure ahead of next week's Federal Open Market Committee (FOMC) meeting.
At 8am, the ringgit was 4.0780/0835 against the greenback compared with Wednesday's close of 4.0790/0825.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market sentiment remains cautious ahead of next week's FOMC meeting, with investors closely monitoring inflation.
He also said crude oil prices rose after the latest attack on a Saudi oil field, with Brent crude currently hovering around US$108 per barrel.
