tags - Sinar Daily

The ringgit opened higher against a weaker US dollar on Thursday, following the release of the United States (US) inflation data, said an analyst.

The ringgit retreated from two consecutive days of gains to open lower against the US dollar on Thursday, amidst softening data points, said an economist.

Newcastle United's English striker Callum Wilson (2L) celebrates after scoring their second goal during the English Premier League football match between Newcastle United and Manchester United at St James' Park in Newcastle-upon-Tyne, north east England on April 2. - Pic: AFP

Manchester City's Norwegian striker Erling Haaland (centre back) looks on from his seat, missing the game through injury during the English Premier League football match between Manchester City and Liverpool at the Etihad Stadium in Manchester, north west England, on April 1. - Pic: AFP

The ringgit is likely to trade on a bullish bias next week, below the RM4.40 level within the 4.3925-4.4175 range against the US dollar, said an analyst.

The ringgit is likely to remain within a tight range against the US dollar next week ahead of Bank Negara Malaysia’s annual report on March 29, said an economist.

The ringgit was traded slightly lower against the US dollar in the early session today as some investors took advantage of the weaker greenback, dealers said.

This photograph taken in Zurich on March 20 shows the headquarters of the Credit Suisse bank (R) next to an offices of Swiss giant bank UBS. - UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears on March 20 it could weaken the country's biggest bank and financial sector as a whole. - Pic: AFP

At 9.20am, the local note rose to 4.4370/4405 versus the greenback compared with yesterday’s closing rate of 4.4530/4580.

France's forward Kylian Mbappe takes part in a training session in Clairefontaine-en-Yvelines on March 21, as part of the team's preparation for upcoming UEFA Euro 2024 football tournament qualifying matches. Pic: AFP