The ringgit moved higher against the US dollar in early trading on Tuesday as investor sentiment remained cautious pending the latest economic data and views on the global economic outlook.
At 9am, the ringgit rose to 4.7100/4.7149 against the USD from 4.7190/47225 at Friday's close.
The local market is closed on Monday in conjunction with the Hari Raya Aidiladha celebration.
Now, market participants will turn their attention to a series of speeches by US Fed officials and the US Retail Sales report to be released at 8.30pm tonight.
In addition, the Reserve Bank of Australia (RBA) is expected to keep the Official Cash Rate at 4.35% for the fifth time in a row. China will also report data on its industrial production, retail sales, fixed asset investment and employment which may draw mixed reactions.
Meanwhile, the ringgit was mostly trading higher against a basket of major currencies in early trade.
The local unit rose against the Japanese yen to 2.9871/2.9898 from Friday's close of 3.0046/3.0072 and rose against the British pound to 5.9864/5.9915 from 5.9955/5.9999 but weakened against the euro to 5.0567/5.0610 from 5.0418/5.0455 previously.
The ringgit is trading higher than its Asean peers.
The local currency was better against the Indonesian rupiah at 287.0/287.2 from 287.5/287.8 at Friday's close and strengthened against the Philippine peso to 8.02/8.04 from 8.04/8.05 previously.
It also rose against the Singapore dollar to 3.4842/3.4875 from 3.4857/3.4886 last Friday and rose against the Thai baht to 12.7986/12.8136 from 12.8328/12.8475 previously.
