The ringgit was seen to be stable against the US dollar in the morning session and traded somewhat mixed compared to other currency groups ahead of the Malaysian inflation data results.
At 10.30am, the ringgit was down at 4.6730 against the USD from Tuesday's close at 4.6720.
Bank Muamalat Malaysia Bhd's Chief Economist, Dr Afzanizam said Malaysia's Consumer Price Index (CPI) will be closely monitored as the effect of the diesel price increase on June 10 will reflect the upcoming data series.
He also said that the ringgit is also expected to gain good support as the expectation of a US rate cut continues to rise.
US bond market figures report predict monetary easing by the Federal Reserve (Fed) will be implemented by the end of this year.
Meanwhile, the local currency is mostly higher against a group of major currencies.
The local currency was lower against the Japanese yen at 2.9978/3.001 from 2.9958/9976 at Tuesday's close, rose against the British pound to 6.0269/0333 from 6.0320/0352 and improved against the euro to 5.0691/0745 from 5.0771/0798 yesterday.
The ringgit was also mixed against Asean currencies and almost flat against the Indonesian rupiah and the Philippine peso.
The domestic unit rose slightly against the Singapore dollar to 3.4713/4753 from 3.4731/3752 on Tuesday but fell against the Thai baht at 12.9196/9392 from 12.9004/9116 yesterday.
It was unchanged against the Indonesian rupiah, at 288.1/288.5 from 288.1/288.4 and against the Philippine peso at 7.99/8.01 from 7.99/8.00 Tuesday.
