KUALA LUMPUR: The ringgit opened easier against the US dollar today on subdued demand for the local currency, as investors eye the release of key US inflation data today.
At 9 am, the local unit was quoted at 4.1960/2000 against the greenback from Wednesday's close of 4.1900/1940.
A dealer said US inflation data could give an indication of US Federal Reserve’s interest rate plan.
The local note was traded higher against a basket of other major currencies.
It advanced against the Singapore dollar to 3.1054/1095 from Wednesday’s close of 3.1127/1166 and appreciated against the yen to 3.7949/7988 from 3.8063/8106 previously.
The local unit rose against the British pound to 5.5408/5474 from Wednesday's 5.5580/5650 and strengthened against the euro to 4.9857/9913 from 5.0158/0219 previously. -- BERNAMA