The ringgit opens higher against the US dollar on positive market sentiments. — Reuters pic
KUALA LUMPUR, April 1 — The ringgit was higher against the US dollar in the early session today as market sentiment was lifted by signs of progress in US-China trade talks and the Federal Reserve's dovish stance on interest rates.A dealer said the Federal Reserve has indicated that it would be unlikely to raise interest rates this year and expects only a single hike in 2020.Meanwhile, the ringgit was traded mixed against a basket of other major currencies.
It declined against the Singapore dollar to 3.0098/0137 from 3.0086/0128 and weakened against the euro to 4.5746/5818 from 4.5737/5809. The local note rose against the Japanese yen to 3.6679/6734 from 3.6820/6872 and was higher against the British pound to 5.3077/3146 from 5.3122/3203. — Bernama