The FOMC is expected to announce its decision on the US interest rate today after its two-day meeting ended on Wednesday.
At 9.07 am, the ringgit was quoted at 3.9930/9970 against the greenback from Tuesday’s closing of 3.9880/9910.
OANDA Head of Trading in Asia-Pacific, Stephen Innes, said the ringgit’s performance was also weighed by the foreign fund outflows as well as political risk overhang domestically. Against a basket of currencies, the local currency was traded higher.
It improved against the British pound to 5.3362/3436 from 5.3415/3475 recorded yesterday.
The ringgit also advanced against the Singapore dollar to 2.9865/9902 from Tuesday’s close of 2.9897/9931, strengthened against the euro to 4.6902/6953 from 4.7038/7082 on Tuesday, while vis-a-vis the Japanese yen, it advanced to 3.6129/6175 from 3.6205/6242 yesterday – Bernama