Ringgit higher against US dollar in early trade
KUALA LUMPUR: The ringgit was slightly higher against the US dollar in early trade on Monday amid cautious sentiment ahead of the US Federal Reserve's Federal Open Market Committee (FOMC) meeting on Oct 27-28.
At 8.02 am, the ringgit edged up to 4.0815/0870 against the greenback from Friday's close of 4.0835/0875.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) was seen rising 0.2 per cent while the US Treasury yields were also higher.
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